Fanam - Alamgir II

Alamgir II ruled as a puppet under the control of the wazir Imad ul-Mulk, who would eventually orchestrate his murder in 1759 — the closing bracket on this coin's production window. By the mid-eighteenth century, Mughal gold fanams had contracted to these tiny fractional pieces precisely because effective imperial authority had fragmented to the point where large-denomination gold coinage had little practical reach beyond local transactions.