An attractive specimen, superbly struck with high-relief lettering, brilliant details, and excellent eye appeal.
Extremely fine, Very rare.

In Sikh numismatics "Morashahi" coins have always remained an enigma. It was presumed that Ranjit Singh got coin minted for "Moran” the dancer, a courtesan in his court by whom Ranjit Singh is known to have been infatuated. These coins were supposed to have the symbol of a peacock on them. However, none of the numismatists or historians who studied these coins, or the saga of "Moran", found the symbol of the peacock on the coins. Instead, they presumed that the sprig-like symbol itself on these coins was the tail of the peacock.

Recently a closer study of the coins by Gurprit Singh in an article published in JONS #219, revealed that on a few of the coins with the sprig-like symbol there is a distinct symbol of not one but two peacocks beneath the sprig. This permanently unveils the truth about the "Morashahi" coins. These coins can be termed as "Morashahi” coins without ambiguity.