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1 Pagoda - Muhammad Shah

Issuer Mughal Empire
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Technique Hammered
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Obverse description Central field bearing multiple lines of Arabic script in a bold, fluid calligraphic style typical of late Mughal hammered coinage. The legends, arranged in horizontal registers across the flan, include the royal name and titles of Muhammad Shah. The irregular, slightly convex flan exhibits the characteristic granular surface texture of hand-struck gold pagodas, with the inscription occupying the majority of the field and bordered by a beaded or dotted marginal device.
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Reverse script Arabic
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Additional information

The attribution here is unusual. Pagodas were not a Mughal issue — they were struck by the South Indian kingdoms, notably the Vijayanagara empire and its successors, and later by European trading companies operating from Madras and other coastal factories. A gold pagoda bearing association with Muhammad Shah almost certainly reflects the currency of the Arcot Nawabs or a regional successor state operating in the Deccan during his reign, circa 1719–1748, when Mughal central authority had effectively collapsed south of the Vindhyas.

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