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1/2 Rupee - Muhammad Shah [Shambhuji II]

Issuer Kolhapur, Princely state of
Year 1759-1760
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Value 1/2 Rupee
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Reverse description Hammered silver flan with bold raised calligraphic strokes in Mughal Persian style, featuring a prominent curved diagonal band traversing the upper field and a horizontal bar dividing the flan into two registers. Scattered globular pellets appear in both the upper left and lower fields, serving as ornamental fillers typical of this series. The overall design reflects the Kolhapur mint's adaptation of the standard Mughal half-rupee reverse type, with the inscription partially legible due to the irregular flan shape and crude striking characteristic of mid-eighteenth century princely-state hammered coinage.
Reverse script Arabic
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Additional information

Kolhapur's coinage under Muhammad Shah reflects the fractured political reality of the Deccan in the mid-eighteenth century — the state nominally acknowledged Mughal suzerainty in its coin inscriptions long after Mughal authority had effectively collapsed across the subcontinent. Shambhuji II ruled as the Chhatrapati of Kolhapur during a period when the southern Maratha branches were persistently at odds with the Peshwa-dominated confederacy based at Pune.

The regnal years 1759–60 place this issue squarely in that contested moment before Panipat reshaped Maratha power entirely.

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