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1 Rupee - Shah Alam II [Shivaji Rao]
| Issuer | Princely state of Indore |
|---|---|
| Year | 1890-1898 |
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| Currency | Rupee (1760-1935) |
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| Obverse description | Central field features the name of Mughal Emperor Shah Alam II inscribed in Persian/Nastaliq script within an oval cartouche, flanked on either side by decorative sprays of leaves and floral branches. A dotted border ring runs along the upper periphery of the coin. Below the cartouche, the mint name 'Indore' appears in Persian script. The overall composition is characteristic of late Mughal-style Indian princely coinage produced under Holkar rule. |
|---|---|
| Obverse script | Arabic |
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| Additional information |
Indore's silver rupees of this period carry a peculiar dynastic complication: the coin names Shah Alam II, the Mughal emperor who died in 1806, as nominal suzerain — a fiction maintained decades after the Mughal throne had ceased to hold any practical authority. By 1890 this was pure numismatic convention, a holdover from the treaty obligations and minting customs that Maratha states had inherited and never formally abandoned.
Shivaji Rao Holkar ruled Indore from 1886 until the British deposed him in 1903 following a scandal involving the murder of a Chicago journalist named W.A.C. Rand's associate — a crisis that effectively ended his reign.