A wheel with eight or twelve spokes occurs on the coins of Satavahanas. Coins depicting a wheel are rate and not commonly seen. A wheel with twelve spokes is found on a coin of Vasishthiputra Pulumavi, where as Satakarni – I issued a coin depicting wheel with eight arrow headed spokes.
The Chakra is assigned different meanings. It probably is an attribution of the Sun as seen on the seals of Mohenjo-Daro. It might be the ’Dhammachakka’ or the time cycle symbolizing Buddhist and Jaina philosophy respectively.