1 Jital - Ghiyas-ud-din Balban

Balban's reign marked a decisive break from the Slave Dynasty's earlier tolerance of Turkish aristocratic power-sharing. He systematically dismantled the "Forty" — the corps of powerful Turkish nobles who had dominated court politics for decades — executing or exiling them to consolidate absolute authority. This coin circulated through that purge, issued by a sultan who considered himself the shadow of God on earth and modeled his court ceremonial consciously on Sassanid Persian precedent.

The billon content reflects chronic silver shortages that plagued the Delhi Sultanate's mints intermittently throughout the 13th century.