1 Rupee - Alamgir II

Alamgir II ruled as a Mughal emperor almost entirely at the sufferance of the Maratha confederacy and the wazir Imad ul-Mulk, who had him enthroned in 1754 and murdered in 1759. The Bombay Presidency's practice of striking rupees in his name during this window was less an act of loyalty to the Mughal throne than a commercial necessity — bazaar acceptance of company coinage depended on the fiction of Mughal monetary authority. Clive's victory at Plassey fell within this same narrow date range, quietly reshuffling who actually held power over the subcontinent's trade arteries.