Jammu and Kashmir has no independent monetary authority and has issued no coinage since it became a Union Territory administered directly by New Delhi. This piece has no governmental sanction, no circulation history, and no issuing body that legally exists. Fantasy issues of this type are produced commercially, typically for the novelty and souvenir market, and carry no numismatic standing beyond that of a privately minted token.
Jammu and Kashmir has no independent monetary authority and has issued no coinage since it became a Union Territory administered directly by New Delhi. This piece has no governmental sanction, no circulation history, and no issuing body that legally exists. Fantasy issues of this type are produced commercially, typically for the novelty and souvenir market, and carry no numismatic standing beyond that of a privately minted token.