300 Rupees Lokmata Devi Ahilyabai Holkar

Ahilyabai Holkar ruled Malwa as de facto head of the Holkar state from 1767 until her death in 1795, administering from Maheshwar rather than Indore and funding temple construction and infrastructure across the subcontinent at a scale that drew praise from contemporaries including Mountstuart Elphinstone. The 300-rupee face value places this squarely in India's commemorative collector series — a denomination that exists purely as a vehicle for bullion issues and carries no circulation intent. The .500 fineness is lower than most sovereign commemoratives from comparable programs, yielding roughly 17.5 grams of actual silver content.