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1 Paisa - Chhatrapati Shivaji Maharaj

Issuer Maratha Empire
Year 1664-1680
Type Standard circulation coin
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Obverse script Devanagari
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Reverse lettering chha tra/ pa ti (छ त्र / प ति)
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Additional information

The Maratha monetary system under Shivaji was deliberately distinct from Mughal coinage — a conscious administrative statement during a period when Shivaji was actively constructing independent state infrastructure, including a revenue bureaucracy that required its own transactional currency. The paisa circulated primarily in the Deccan territories wrested from Bijapur and later consolidated after Shivaji's coronation at Raigad in 1674.

KM#266 is documented with significant weight variation across known specimens, likely reflecting decentralized striking at multiple mints rather than a single controlled facility.

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