Very fine, Very rare.

While the coin is surely of a Maratha mintage, the exact location of the mint is not yet ascertained. On some similar coins of this type, the mint-name is engraved as 'Daulatabad', which was a Nizam's mint and coins with the same RY having distinctly Nizam's symbols are also known. M&W have opined that “the Authors have no explanation for the issue of two distinct types of rupees in the same year from Daulatabad: one ostensibly Maratha and the other an issue of the Nizam”. More likely these coins were struck at a Maratha mint located in the same region, such as Malegaon to the North or Jalna to the South. Coins of this variety are very rare. 399.