LOT Oswal Antiques  /  Auction No. 107 - Mumbai  / 

49

Princely States : Indore

Currency:INR Category:Coins & Paper Money / Indian Coins - Princely States Start Price:1,000,000.00 INR Estimated At:1,000,000.00 - 1,500,000.00 INR
Princely States : Indore
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Shivaji Rao Holkar, Silver Machine-struck circulated Pattern Rupee, 11.65g, VS 1943, Obv: Sun face in centre, Devanagari legend “Shrimant Maharaja Shivaji Rao Holkar Sarkar Indore” around, Rev: Denomination and date in Devanagari within a floral border. About extremely fine, exceedingly rare.
In late 19th century, a few Indian princely states experimented with mechanizing their mints, owing to the constant pressure from the British government to curtail their minting activities, as they produced ‘inferior’ hand-struck coins. Indore experimented extensively with mechanised coin production in 1887, perhaps prompted by the coronation of Shivaji Rao in the previous year. Many designs were patterned and a few were put through the production line - however, unlike most patterns which were used solely for experimentation, it is clear that some patterns struck during these trial runs ended up in circulation. This was perhaps because the state couldn't afford to waste and recycle valuable metal. This rupee is such an example - even though the fact that very few such rupees exist suggests this was a trial strike, it shows tell-tale signs of having been circulated. The efforts to create a mechanically produced currency were confined only to copper coins. Silver rupees continued to be struck by hand, until another attempt twelve years later which also was not tremendously successful.
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