1 Rupee - Alamgir II Mahe Indrapur mint

Alamgir II ruled as a puppet of the Wazir Imad ul-Mulk, who would eventually orchestrate his murder in 1759. Coins struck in his name across Mughal mints during this period reflect the administrative fiction of imperial authority — the emperor's name on silver while real power resided entirely elsewhere. The Mahe Indrapur mint, associated with the coastal Malabar region, was operating under increasingly fractured Mughal influence as European trading companies tightened their grip on maritime commerce along the western coast.

The regnal years covered by this issue — 1757 to 1761 — bracket the Battle of Plassey almost precisely.