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1 Paisa - Ahmad Shah [Raghuji III]

Issuer Princely State of Nagpur (Indian princely states)
Year 1818-1853
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Value 1 Paisa (1⁄64)
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Reverse description The reverse of this hammered copper paisa presents a bold Devanagari inscription filling the field, reading 'Shri Raghuji' (श्री रघुजी), referencing the ruling Bhonsle chief Raghuji III. The script is rendered in high relief with broad, flowing strokes across the irregular rectangular flan. The execution is characteristic of the Nagpur Mint's workshop tradition, with the legend occupying the majority of the available field without a formal border or decorative framing.
Reverse script Nagari
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Additional information

Nagpur's coinage during this period reflects a state caught between two powers. Raghuji III ruled under increasingly tight British paramountcy following the Third Anglo-Maratha War of 1818, which effectively ended Maratha political independence. The "Ahmad Shah" attribution on these pieces refers to the nominal Mughal imperial authority still invoked on Maratha copper issues long after the Mughal emperor held any real relevance — a convention preserved largely by inertia.

When Raghuji III died without a natural heir in 1853, the British applied the Doctrine of Lapse and annexed Nagpur outright, ending the coinage entirely.

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