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INDEPENDENT KINGDOMS : MARATHAS

Currency:INR Category:Coins & Paper Money Start Price:150,000.00 INR Estimated At:150,000.00 - 200,000.00 INR
INDEPENDENT KINGDOMS : MARATHAS
Talegaon, Silver Rupee, 11.21g, in the name of Muhammad Shah, AH 11XX, Mint name on bottom of reverse (Not listed in Maheshwari & Wiggins or any other pertinent publication). Very fine, exceedingly rare.
The area around Pune began to be monetized under the second Peshwa, Baji Rao I (1720-1740), who undertook many urbanisation projects in Pune city. Eminent money-lending families such as the Bhides, the Datars, the Thattes and the Deos of Chinchwad became active at this time. As numismatic evidence suggests, mints started operating in Pune, Chinchwad and Talegaon around this time. The Chinchwad and Talegaon issues used the rupee of Surat as a prototype, with only the mint-name appropriately changed. The coins remain unpublished and this is the first instance where a rupee is being offered for sale at an auction. The mint-name on the coin is clearly evident.
The town of Talegaon belonged in Jagir to the Dabhade family, who were given the rights to collect tribute in Gujarat by Chhatrapati Shahu. This brought the family in direct conflict with the Peshwa. Their rivalry culminated in the battle of Dabhoi (Gujarat) in April 1731 where Trimbakrao Dabhade was defeated and killed. His mother, Umabai Dabhade continued to struggle against the Peshwa’s hegemony. Trimbakrao’s son Yashwantrao was a worthless successor and their interests in Gujarat were gradually taken over by their lieutenant Damaji Gaikwad. In 1752, Damaji disowned his allegiance to the Dabhades and came over to the Peshwa’s side.