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Paisa-Shah Alam II

Issuer Maratha Empire
Year 1790
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Reference(s) KM#73
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Obverse script Arabic
Obverse lettering شاه عالم
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Additional information

Shah Alam II was the Mughal emperor in whose name the Marathas struck this coin — a deliberate political act. By the 1780s the Marathas effectively controlled Shah Alam and issued coinage under his name to project legitimacy across territories where Mughal authority still carried symbolic weight. The emperor himself had been blinded by Ghulam Qadir in 1788, rendering him a figurehead in the most literal sense.

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