8 Annas - Mir Mahbub Ali Khan

Mir Mahbub Ali Khan ruled Hyderabad through a period of careful negotiation with British paramountcy, maintaining the Nizam's right to issue independent coinage — one of the few princely states permitted to do so in silver. The Hyderabad mint struck these pieces on the Islamic lunar calendar, which is why Western date ranges like 1895–1901 require conversion from the Hijri years actually found on the coins.

The .818 fineness was a Hyderabad-specific standard, slightly below the British Indian .917, a deliberate distinction that kept local coinage circulating within the state rather than being melted or exported for its metal content.