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Paisa-Shah Alam II

Issuer Maratha Empire
Year 1759-1806
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Currency Rupee (1674-1818)
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Reverse script Devanagari
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Mintage ND (1759-1806)
Additional information

Shah Alam II ruled as Mughal emperor for nearly five decades, yet spent much of that reign as a pensioner of whichever power happened to control Delhi — the Marathas chief among them. After the Marathas restored him to the throne in 1771 following his years of wandering, they retained effective control of his court and treasury, issuing coins in his name as a legitimizing fiction. The practice was politically deliberate: Mughal nomenclature on Maratha copper gave the coinage a ceremonial authority the Marathas could not claim in their own right.

The long date range reflects successive Maratha administrations rather than any single issuing decision.

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