2 Royaliner, 2 Fano, 2 Fanams - Christian VII

The Danish East India Company's Tranquebar settlement — a coastal enclave in southeastern India held by Denmark from 1620 until its sale to the British East India Company in 1845 — produced its own coinage denominated in local units specifically to function within regional trade networks. The fanon, or fanam, was a denomination already familiar to Indian merchants along the Coromandel Coast, and the Danish decision to adopt it rather than impose European denominations reflects a practical commercial calculation rather than any administrative principle.

The forty-year production window for KM#171 spans a period when the Company's Tranquebar operations were in slow decline, squeezed by British dominance of regional trade.