Very Fine, Very Rare.

The issues of Kolapur, located within the Sarkar of Raibagh mint are one of the earliest instances of Maratha coins struck in the name of a Mughal emperor. Their issue was precipitated by anxieties of Tarabai, the dowager Rani of Kolhapur and a claimant to the Maratha 'Chhatrapati'-ship, in response to her rival Shahu of Satara having sought an approval of the Mughal emperor for his claims. On this coin, the 'Kolapur Sarkar' portion of the long mintname is off the flan, but 'Raibagh' which is almost never visible fully, is seen to a readable extent.