Extremely fine, Very rare.

Coins from this mint are a recent discovery. They were most likely struck during a tumultuous period of succession battles between various nobles of the 'Mughalia' faction at the court of Shah Alam II, namely Afrasiyab Khan, Abdul Ahad Khan, Zain al-Abidin Khan and Muhammad Beg Hamadani. The year on the coin corresponds to late November 1783 to mid-October 1784. During this period, there was intense rivalry brewing between Afrasiyab Khan and Muhammad Beg. The latter had confiscated much of the area West and South of Agra, including Braj. Afrasiyab sought the help of Mahadaji Sindhia to quell Muhammad Beg's insubordination.

Shergarh is located to the South-East of Mathura and is an important crossing point on the Jamuna between Mathura and Aligarh. During these struggles, it is known that Muhammad Beg once crossed the Jamuna after encamping at Shergarh and went towards Jaipur.

The coin bears close resemblance with the rupees of the Jats struck at Deeg and it is likely that Muhammad Beg Hamadani might have struck them during this short stay at Shergarh. In all likelihood this must have been an emergency issue, made to payments to the troops fighting on Muhammad Beg's side.