Some shrof marks on reverse otherwise Very Fine, Extremely Rare.

This coin resembles issues of Kolapur mint in the name of Muhammad Shah, however the mint-name is clearly engraved as 'Lokapur'. This must be a curious case of misengraving arising probably out of the fact that the letters 'L' and 'K' and their vowel-added forms look confusingly similar when written in the running Marathi script 'Modi'. It is likely that the contents of legend were communicated to the mint written in Modi and the engraver committed this error of transcription on the coin owing to this confusion. At RY 2, this is perhaps the earliest rupee in the name of Muhammad Shah struck at Kolhapur and the mistake apparently was rectified on subsequent dies. Kolhapur formally became a separate seat of a branch house of the Chhatrapatis following a treaty with Shahu in 1719.