Catalog
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| Issuer | Maratha Empire |
|---|---|
| Year | 1755-1772 |
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| Diameter | 21.72 mm |
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| Obverse description | Hammered silver flan bearing a two-line Arabic legend in bold Naskh script, arranged within a ruled rectangular cartouche framed by a beaded border. The upper line reads the royal epithet referencing the Mughal sovereign Shah Alam Bahadur, and the lower line continues his imperial title as Ghazi. Small decorative pellets and diamond-shaped ornaments punctuate the field above and below the central cartouche, consistent with late Mughal hammered coinage conventions. The overall style reflects the Maratha practice of issuing rupees in the name of the Mughal emperor as a token of nominal suzerainty. |
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| Obverse lettering | سکه مبارک بادشاه غازی شاہ عالم بہادر |
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| Additional information |
Shah Alam II spent much of his reign as a political prisoner of his own empire, controlled successively by the Marathas, the Rohillas, and ultimately the British after Patparganj in 1803. The Jhansi mint operated under Maratha authority during this period, striking rupees in the Mughal nominal style — with the emperor's name — while real power sat elsewhere entirely. This fiction of Mughal suzerainty suited the Marathas, who gained legitimacy from the coinage without surrendering any actual control.