LOT Oswal Antiques  /  Auction No. 107 - Mumbai  / 

50

Princely States : Indore

Currency:INR Category:Coins & Paper Money / Indian Coins - Princely States Start Price:150,000.00 INR Estimated At:150,000.00 - 200,000.00 INR
Princely States : Indore
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Shivaji Rao Holkar, Silver Rupee, 11.18g, Milled issue, struck at Indore, VS1956, Obv: Frontal bust of Shivaj Rao wearing a Holkar turban and strings of pearls; Devanagari legend “Shrimant Shivaji Rao Maharaja Holkar Indur” around and VS date below, Rev: Coat of arms of the state – Crest- A Sun radiant under a Chhatri (royal umbrella). Arms- A field of poppy and wheat over which a Khanda (broadsword) and a spear in saltire. On the left, a Horse rearing and on the right, a Nandi (sacred bull) couchant. Motto- in Sanskrit – “Prahomesho labhyā Shrih Kartuh Prārabdhā”t”. (“Umesh says thus, success attends him who strives”). Denomination above and name of state (in English) below. About uncirculated, extremely rare.
Towards the end of the 19th century, some princely states experimented with introduction of machine-struck coinages, in response to the pressure from the colonial government to curtail their minting prerogatives. Indore state bought second-hand British machinery and ordered manufacturing of punches and dies from the Heaton mint in Birmingham. The dies were not suitable for the machines and resulted in weak striking and other mechanical problems resulting in a lot of wastage and recycling. The state’s capacity to handle such costs was limited and the coinage ended in failure. Ultimately the silver crisis of early 20th century made the process too costly and coinage was subsequently restricted only to copper issues.
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