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Lot No.524
AUC26
Princely States
Auction Date: 21-01-2017
Silver
Indore, Silver machine-struck circulated pattern rupee of Shivaji Rao Holkar (1886-1903), VS1943, 11.16g. Obv: Sun face in centre; Devanagari legend Shrimant Maharaja Shivaji Rao Holkar Sarkar Indore around. Rev: Denomination and date in Devanagari within a floral border. 31.20mm,
Very Fine+, Extremely Rare.
Like some other states, Indore experimented extensively with mechanised coin production in 1887, perhaps prompted by the coronation of Shivaji Rao in the previous year. Many designs were patterned and a few were put through the production line - however, unlike most patterns which were used solely for experimentation, there is room to believe that some patterns struck during these trial runs ended up in circulation. This was perhaps because the state couldn't afford to waste metal it had imported only in trials. This rupee is such an example - even though the fact that very few such rupees exist suggests this was a trial strike, it shows tell-tale signs of having been circulated.
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Estimated Price :
Rs. 4,00,000-5,00,000
Sold For :
Rs. 4,40,000
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