1 Mohor- Peshwa Narayan Rao Poona

Mint mark#3 - Scissors(Nagphani)


The issues with full AH FE(Fasli Era) dates are attributed as British issues. The issues without the dates are generally attributed to the Marathas. The designs are identical in all respects, except the addition of an AH FE date.

From Oswal: The earliest minting activity on behalf of the Peshwa is known to have been undertaken during the short and ill-fated reign of Peshwa Narayan Rao when Dullabh Set Govindji, a banker of Poona was given a license to operate a mint. The coins he produced were to be rupees and mohurs, to be known as ‘Shet shahi’ coins after his name. All coins of this early issue are very rare. They bear the RY of the Mughal emperor, with his name spelled as ‘Shah Alam’. The calligraphy is of a good standard and the mint-name is inscribed as ‘Muhiyabad’ with ‘Y’ and ‘A’ of ‘-abad’ being ligated. Subsequent issues, struck after the murder of the Peshwa in 1773 and installation of the ‘Council of Ministers’ in charge, had the name ‘Shah Ali Gauhar’ on them. The gold ‘Shet Shahi’ mohurs are exceedingly rare. One was offered in the ‘Skanda’ collection auction by Spink-Taisei in 1991 and the same was listed earlier by Maheshwari and Wiggins. Since then, no other pieces have turned up on the market in an auction.