Bindraban AH 1195(23) rupee

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Stack's Bowers 2026 NYINC sale, lot 47655
SB126-47655r.jpg

This specimen was lot 47655 in Stack's Bowers NYINC sale (New York, January 2026), where it sold for $312. The catalog description[1] noted, "INDIA. Maratha Confederacy. Rupee, AH 1195 Year 23 (1780/1). Bindraban Mint. In the name of Shah Alam II. NGC MS-61." The Marathas were an alliance of Hindu princely families formed to resist the encroachment of the Mughal Empire in the seventeenth century. Major names included the Peshwas, the Gaekwars, the Bhonslas, the Holkars and the Sindhias, all of whom formed independent states when the confederacy broke up at the end of the eighteenth century. This rupee was struck in the name of the Mughal emperor at the Bindraban mint during years 18, 23, 26-30 and 34. The Marathas operated over thirty mints at this time but it is not clear if they were responsible for this issue.

Recorded mintage: unknown.

Specification: 11.6-11.8 g, silver.

Catalog reference: KM-40.1 (under Bindraban). similar to KM 300, listed under the Maratha Confederacy.

Sources:

  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, January 2026 NYINC Showcase Auction, Ancient and World Coins, featuring the Kazmier Wysocki Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2025.

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