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| Issuer | Princely state of Gwalior (Indian princely states) |
|---|---|
| Year | 1794 |
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| Currency | Rupee |
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| Obverse description | The field is dominated by bold, deeply struck Nastaliq calligraphy in Persian script, arranged in two horizontal registers separated by a ruled line. The upper register contains the name and titles of the Mughal emperor Shah Alam II, rendered in characteristic Mughal hammered-coin style. The lower register bears the regnal year or additional titular inscription, with small diamond-shaped ornaments (lozenges) interspersed in the field as decorative elements. The flan is irregular, consistent with hand-hammered production, and the legends fill virtually the entire surface of the coin. |
|---|---|
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| Edge | Plain |
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| Additional information |
Daulat Rao Sindhia inherited Gwalior in 1794 at roughly fourteen years old, following the assassination of his predecessor Madhoji Sindhia — the brilliant Maratha general who had effectively controlled the Mughal emperor as a puppet. Daulat Rao's early reign coincided with the rapid deterioration of Maratha confederacy unity, culminating in the Second Anglo-Maratha War of 1803, after which Gwalior ceded significant territories to the East India Company under the Treaty of Surji-Anjangaon.
Mohurs of this early regnal period were struck to the Mughal weight standard that Maratha states had inherited and continued using well into British paramountcy.