Shah Alam II was the Mughal emperor in whose name the East India Company struck Bengali coinage for decades — a fiction of sovereignty maintained long after the Battle of Buxar in 1764 had reduced him to a Company pensioner. The Bengal Presidency continued using his regnal year frozen at Year 19 of his reign, a convention that persisted unchanged across the entire 1779–1811 production window regardless of actual date.
KM#32 is among the smallest denominational fractions in the Bengal series, struck in quantities sufficient for bazaar circulation where low-value silver still moved goods.
Shah Alam II was the Mughal emperor in whose name the East India Company struck Bengali coinage for decades — a fiction of sovereignty maintained long after the Battle of Buxar in 1764 had reduced him to a Company pensioner. The Bengal Presidency continued using his regnal year frozen at Year 19 of his reign, a convention that persisted unchanged across the entire 1779–1811 production window regardless of actual date.
KM#32 is among the smallest denominational fractions in the Bengal series, struck in quantities sufficient for bazaar circulation where low-value silver still moved goods.