1/8 Ashrafi - Mir Mahbub Ali Khan II

Mir Mahbub Ali Khan II ascended the Hyderabad throne as a minor in 1869, with the state administered by a regent until he assumed direct rule in 1884. The Ashrafi series, of which this fractional piece forms part, was produced at the Hyderabad mint during a period when the Nizam's dominions remained the wealthiest princely state in British India — Mahbub Ali Khan's personal fortune was legendarily vast, reportedly including one of the largest collections of jewels held by any individual in the world.

Fractional gold issues of this type saw limited circulation, functioning largely within court and elite mercantile transactions rather than daily trade.