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1 Anna WWII Cash Coupon

Issuer Balwan Princely State
Year 1940-1945
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Composition Paper
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Obverse lettering कोष राजद्य का / एक आना
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Reverse lettering प्रधानि राजाने / बलवन
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Comments

Balwan was among the smaller princely states of British India, and emergency fractional coupons of this type were issued during the war years when low-denomination coinage effectively vanished from circulation — hoarded, melted, or swallowed by wartime metal demands. The Reserve Bank of India had no mechanism to guarantee specie supply to minor states, leaving local rulers to paper over the gap with their own scrip.

The S-prefix in the Pick reference places this firmly in the specialized local issues category. Survival rate for wartime Anna coupons from minor princely states is generally poor — the paper was thin, the denominations too small to merit careful keeping.

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