1 Rupee - Shah Alam Bahadur

Shah Alam Bahadur ruled the Mughal Empire for just five years before dying in 1712, and the Madras Presidency — operating under East India Company authority — struck rupees in his name as a commercial necessity rather than any expression of loyalty. Mughal-standard coinage was the only currency trusted in inland trade networks, so the Company had little choice but to mint in the emperor's name and to his exact weight standard if they wanted their silver accepted beyond the coastal factories.

KM#A302 is among the earlier Company issues where the fiction of Mughal imperial authority was still maintained without compromise.