Baroda State operated under a succession of Gaekwad rulers who maintained their own coinage rights well into the British Raj period, a privilege jealously protected through treaty negotiations with the East India Company. The half paisa denominations from Baroda are among the least systematically documented of the princely issues — KM# M1.1 designates what is essentially a machine-struck local copper whose precise reign attribution remains debated among specialists of Indian feudatory coinage.
Baroda State operated under a succession of Gaekwad rulers who maintained their own coinage rights well into the British Raj period, a privilege jealously protected through treaty negotiations with the East India Company. The half paisa denominations from Baroda are among the least systematically documented of the princely issues — KM# M1.1 designates what is essentially a machine-struck local copper whose precise reign attribution remains debated among specialists of Indian feudatory coinage.