1/2 Anna - Ahalya Bai Sahiba Holkar

Ahalya Bai Holkar, who ruled Indore from 1767 until her death in 1795, issued coinage under her own name — unusual for a woman governing an Indian princely state in the eighteenth century. She had assumed power following the deaths of her husband Khande Rao and father-in-law Malhar Rao, navigating succession disputes and Maratha confederacy politics to consolidate control. Her coins are among the very few pre-colonial Indian issues attributable to a named female ruler rather than issued in a male sovereign's name as a formality.

KM#90.1 is one of several copper varieties documented from her reign, distinguished by die characteristics that collectors and cataloguers have used to sequence her mint output across nearly three decades of rule.