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1/8 Rupee - Shah Alam II
| Issuer | Bengal Presidency |
|---|---|
| Year | 1765-1769 |
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| Reference(s) | KM#81.1 |
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|---|---|
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| Obverse lettering | شاه عالم بادشاه حامي دين محمد ساى فضل لله سكة زد بر حفت كشور ١١٨٢ (Translation: Defender of the religion of Muhammad, Shah Alam Emperor Shadow of the divine favour, put his stamp on the seven climes, AH 1182) |
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| Edge | Plain |
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| Additional information |
Shah Alam II was the Mughal emperor who, in 1765, granted the East India Company the diwani — revenue collection rights — over Bengal, Bihar, and Orissa following the Company's victory at Buxar. Coins struck in his name by the Bengal Presidency during this window are a direct artifact of that transfer: the Company was legally obligated to mint in the emperor's name while functionally controlling the treasury entirely. The fiction of Mughal sovereignty was maintained on the coinage long after it had evaporated in practice.