Catalog
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| Issuer | Mughal Empire |
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| Year | 1748-1754 |
| Type | Standard circulation coin |
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| Obverse description | Hammered silver flan bearing the Persian royal legend of Ahmad Shah Bahadur in bold nastaliq script, arranged across the central field within two horizontal registers separated by raised lines. The emperor's regnal name and titles are inscribed in large, flowing calligraphy occupying the majority of the obverse field. A short inscription appears in the upper segment above the top register, with further notation in the lower segment below the second register. The overall design is characteristic of late Mughal coinage, with the text serving as the sole decorative and identifying element in lieu of a royal portrait. |
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| Mint | Balwantnagar [Jhansi] |
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| Additional information |
Ahmad Shah Bahadur's reign lasted only six years before he was deposed and blinded by his own wazir, Imad ul-Mulk, in 1754 — a period during which Mughal central authority had collapsed so thoroughly that regional mints like Balwantnagar operated largely under local Maratha-influenced control. The Jhansi mint, issuing under the Mughal name while real power shifted beneath it, produced coinage that documents the fiction of imperial continuity better than any court chronicle could.