`Sarkar` in Devangari (Curved), long hoof and scimitar all within beaded circle. `Shri Sayajirao.M. Gaekwad `Sena Khas Khel Shamsher Bahadur` outside circle
Obverse script
Obverse lettering
श्री सयाजीराव.म.गायकवाड.
सरकार
सेना खास खेल शमशेर बहादुर
Reverse description
`Samvat Ek Paisa` in Devnagari, date below, all within beaded circle. Wreath surrounds
Reverse script
Reverse lettering
संवत
एक पैसा
१९४० (Translation: One Paisa VS 1940)