1 Rupee - Shah Alam II Aurangnagar - Mulher mint

Mulher, a fortified hill town in the Baglan region of what is now northern Maharashtra, operated a Maratha-controlled mint issuing rupees in the name of the Mughal emperor Shah Alam II — a common fiction of the period, whereby Maratha fiscal administrators maintained the nominal authority of a weakened Delhi throne to ensure commercial acceptability across trade networks that still demanded Mughal-style coinage. Shah Alam II was, for much of this window, either a fugitive or a pensioner of whichever power happened to control him, making his name on these coins a currency of convenience rather than any acknowledgment of real sovereignty.

The Aurangnagar designation refers to a mint epithet, not a separate location — a naming convention that adds persistent confusion to attribution in this series.