1 Fanam - Ayillyam Thirunal Rama Varma IV

Ayillyam Thirunal's reign from 1860 to 1880 was administratively turbulent — his relationship with the British Resident deteriorated sharply, and by the late 1860s the colonial administration was effectively circumventing him on major policy decisions. The fanam, a denomination with roots stretching back centuries in South Indian trade, continued to circulate alongside British Indian coinage as Travancore's monetary system was gradually absorbed into the imperial framework.

KM#24 is among the more frequently encountered Travancore silver issues of the period, though the small module means surface marks read heavily at grade.