1 Paisa - Pir Hasan Khan Derajat

The Derajat region, straddling the west bank of the Indus in what is now Khyber Pakhtunkhwa, operated under a semi-autonomous feudal arrangement within the Sikh Empire — local sardars retained the right to issue coin, a privilege the Lahore Durbar extended selectively as both reward and administrative convenience. Pir Hasan Khan held authority over Dera Ismail Khan and struck copper locally rather than relying on the imperial mints at Lahore or Amritsar.

The KM# 10.1 designation distinguishes this from at least one other paisa variety attributed to the same issuer, suggesting multiple die campaigns across the roughly eighteen-year emission window.