Nazrana Mohur - Sikander Jah

Nazrana coins were never ordinary currency — they were ceremonial presentation pieces, struck specifically for the Nizam to distribute as marks of imperial favor, diplomatic gifts, or rewards to nobles. Sikander Jah, the third Nizam of Hyderabad, ruled during a period of profound adjustment to British paramountcy following the 1798 Subsidiary Alliance, and these mohurs functioned partly as assertions of continued courtly prestige within a state whose military independence had effectively ended.

The Hyderabad mint struck nazrana pieces to a higher standard of finish than circulation coinage. Survivors in anything below fine condition are almost certainly the result of later mishandling rather than actual use.