Fantasy - 1 Rupee Australia

Jammu and Kashmir has been a Union Territory under direct New Delhi administration since October 2019, following the revocation of Article 370. It has no monetary authority, no mint, and no legal basis to issue currency. This piece was produced in 2020 by a private manufacturer — almost certainly outside India — trading on territorial nomenclature for collector appeal. It is a fantasy strike in the strictest numismatic sense: no governmental sanction, no historical precedent, no circulating counterpart.