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HM29346

EIC, Bombay Presidency, silver Rupee, Mumbai, AH 1138.

Regular price £235
Regular price Sale price £235

British India, East India Company, Bombay Presidency, Mughal-style silver Rupee in the name of Muhammad Shah (AH 1131-61/1719-48), Mumbai, AH 113[8], yr 8 [1726-7], sikka mubarak badshah ghazi muhammad shah 113[8] [The auspicious coin of the victorious emperor Muhammad Shah 113[8], rev. zarb munbai sanah 8 julus maimanat manus [Struck at Bombay in the 8th year of tranquil prosperity], differentiating mark 5, 11.51g, 9h (Prid. 41 [not in Sale]; Stevens 2.27; KM. 163). Shroff mark on reverse edge at 4 o'clock, otherwise virtually as struck with considerable mint bloom, attractive and rare. NGC AU 58.

NGC Certification 6381621-038

Provenance:

Ex Puddester Collection, Part One, Noonans, 8-9 February 2023, Lot 343

There is potentially an undertype on the reverse.

Bombay was given to Charles II as part of a dowry from Catherine of Braganza but before long he leased it to the East India Company. Initially the Company produced its own style of coinage but the silver coins were largely rejected anywhere beyond the immediate area, due to their foreign appearance, making payments problematic. Mughal-style silver coins in the name of Charles II (none of which survive), James II, and William and Mary (all of which are extremely rare) were acceptable to the population but banned by the Emperor Aurangzeb, because they challenged his authority. Pragmatically, the Company sought permission to strike Mughal-Style coins, in the name of the ruling emperor, with the mint name Mumbai, and this was granted in 1717.

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