1 Rupee - Daulat Rao Narwar Mint

Daulat Rao Sindhia's tenure over Gwalior was shaped almost entirely by his catastrophic entanglements with the Second Anglo-Maratha War, which ended in 1803 with the Treaty of Surji-Anjangaon forcing him to cede substantial territories and accept a British Resident at his court. The Narwar mint operated under these constrained conditions — a subordinate ruler issuing coinage that still bore Mughal-formula inscriptions as a fiction of independent authority the British had already effectively curtailed.

Narwar itself, a fortified town in present-day Madhya Pradesh, had its own mint tradition predating Sindhia control. Issues from this facility are notably less common than those from the principal Gwalior mint.