Mir Usman Ali Khan, the last Nizam of Hyderabad, struck this gold ashrafi during the final months before Indian military intervention — Operation Polo, September 1948 — forcibly ended Hyderabad's independence. The coins dated to this period were authorized while the Nizam was still negotiating, stalling, and appealing to the UN for recognition as a sovereign state. He never got it.
Hyderabad's own mint continued operating into 1949 under Indian administration during the transitional period, which accounts for the date range straddling the annexation.
Mir Usman Ali Khan, the last Nizam of Hyderabad, struck this gold ashrafi during the final months before Indian military intervention — Operation Polo, September 1948 — forcibly ended Hyderabad's independence. The coins dated to this period were authorized while the Nizam was still negotiating, stalling, and appealing to the UN for recognition as a sovereign state. He never got it.
Hyderabad's own mint continued operating into 1949 under Indian administration during the transitional period, which accounts for the date range straddling the annexation.