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1/2 Rupee - Alamgir II for Malabar Coast

Issuer East India Company - Bombay Presidency
Year 1763-1774
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Currency Rupee (1672-1835)
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Obverse script Arabic
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Edge Plain
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Additional information

The Bombay Presidency began striking rupee coinage in the name of the Mughal emperor Alamgir II despite the fact that he had been assassinated in 1759 — years before this series commenced. The fiction of Mughal suzerainty was commercially useful; Indian merchants and money changers in the Malabar trade trusted coins bearing imperial names far more than they trusted anything overtly European. Maintaining that pretense cost the Company nothing and smoothed a great deal of commerce.

The "Malabar Coast" designation reflects the intended circulation territory rather than the mint of origin, as Bombay handled the striking throughout the issue's production run.

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