Extremely Fine, Extremely Rare.

The mint-name on this coin is more likely to be read as 'Golkondah' - however, there is no evidence that this fortress ever functioned as mint-place after the reign of Aurangzeb, especially when the nearby city of Hyderabad rose to such a political prominence under the Nizams. Stylistically and on historical grounds, the name is better read as 'Koilkonda', two dots or nuqtas below the 'L' would add to the substantiation of the added diphthong after the 'o' in 'Ko'. Koilkonda was one of the Samsthanas or semi-independent states under the rule of the Nizams. Many small feudatories like the Samsthanas appear to have issued a mint taking advantage of the turmoil in the Nizam court in the mid-1750s. Issued under the authority of Nizams of Hyderabad.