1 Rupee - Ali Gauhar Chinchwar mint

Ali Gauhar was the Mughal emperor Shah Alam II, whose name appeared on Maratha-controlled mint output as a political fiction — the Marathas struck coins in his name while holding effective power across much of the subcontinent. By 1775, Shah Alam was increasingly a puppet, his authority nominal following the catastrophic Maratha defeat at Panipat in 1761 and his subsequent dependence on various protectors. Chinchwar, near Pune, was a minor mint within the Maratha confederacy's administrative reach.

The continued use of Mughal imperial nomenclature on Maratha issues was deliberate — it conferred legitimacy on coinage that might otherwise face rejection in trade.