14 Paisa - Prithvi Bir Bikram

Nepal's iron token issues of this period occupy an awkward taxonomic space — classified as provisional tokens rather than official coinage, hence the "Tn" designation in Krause. The Prithvi Bir Bikram issues emerged during a reign almost entirely controlled by the Rana prime ministers, with the Shah king holding ceremonial authority while the Rana oligarchy managed fiscal policy. Iron was not a prestige choice; it reflects material pragmatism during a period of tight silver supplies and limited mint infrastructure at Kathmandu.