1/2 Rupee - Empress Victoria / Madan Singh -v2 Regal Style

Kishangarh's late regal coinage presents one of the more persistent puzzles in Indian princely numismatics. Madan Singh ruled from 1900 to 1926, but the state's right to strike silver had become increasingly nominal under British paramountcy — Kishangarh was among the smaller Rajputana states where the colonial administration tolerated local coinage largely as a political concession rather than an economic necessity. The "Empress Victoria" attribution on issues dated to 1900–1901 reflects a deliberate archaism; Victoria had died in January 1901, making any coin of this type struck after that date technically posthumous in its imperial reference.