1 Paisa - Muhammad Ismail Khan

Jaora was a small Muslim princely state in Malwa, central India, ruled by a line of Pashtun nawabs who had carved out their domain in the early nineteenth century through service to the Maratha confederacy — an irony that sat uneasily with the state's identity. Muhammad Ismail Khan's copper coinage of 1865 was issued well into the period of British paramountcy, when most princely states retained the right to strike small denomination copper for purely local circulation. These pieces rarely traveled far.