1/8 Rupee - Shah Alam II

Shah Alam II was the Mughal emperor in whose name the East India Company struck Bengal Presidency coinage for decades — a fiction of sovereignty that suited both parties. The Company gained the legal cover of Mughal authority; Shah Alam, blinded by the Marathas in 1788 and effectively a pensioner of whatever power held Delhi, gained little but the nominal dignity of having his name on the currency of a Bengal he no longer controlled.

The Pr#151 reference places this in Pridmore's classification of EIC coinage, where the fractional rupee denominations of this period are noted for inconsistent flan preparation across the Calcutta mint's output.