Maratha (1786)/28 rupee KM-292
This specimen was lot 2524 in Steve Album Auction 55 (Santa Rosa, CA, May 2026), where it sold for $180. The catalog description[1] noted, "MARATHA CONFEDERACY: Sagar, AR rupee, Ravishnagar Sagar, regnal year 28, in the name of Shah Alam II, magnificent mint state! NGC graded MS62." 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 Sagar mint during years 26-30 (AH 1199-1203). It is common. The Marathas operated over thirty mints at this time. Shah Alam reigned but did not rule 1759-1806.
Recorded mintage: unknown.
Specification: 10.7-11.6 g, silver.
Catalog reference: KM-292, formerly KM 239.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Hanbing Feng, Auction 55, featuring Selections from the Swamperbob Gurney Collection of Cap & Ray 8 Reales, the Kenneth A. Bovenkamp Collection of Ottoman Coins and the 1914 Collection of World Coins, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2026.
Link to:
- Maratha AH 1199/27 rupee KM-300, Bindraban mint
- Coins and currency dated 1786
- return to coinage of India