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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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Obverse script Arabic
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Mintage ND (1759-1760)
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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