The Puddester Collection (Part I)

East India Company, Bombay Presidency, Early coinages: Mughal style, gold Mohur in the name of ‘Alamgir II (1167-73h/1754-9), Mumbai, 1188h, fictional yr 9 [1774-5], sikka mubarak badshah ghazi alamgir [The auspicious coin of the victorious emperor Alamgir], rev. zarb munbai sanah 9 julus maimanat manus [Struck at Mumbai in the 9th year of his reign of tranquil prosperity], 11.56g/2h (Prid. 8 [not in Sale]; Stevens 2.76; KM. 182; F 1546). Some red deposit on reverse, otherwise extremely fine and practically as struck, extremely rare, only four specimens believed extant in private hands £5,000-£7,000

This lot was sold as part of a special collection, The Puddester Collection.

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Collection

Bt in London.

Owner’s ticket.

The gold coinages of 1765 and 1770 failed to achieve general circulation as pieces with a fixed exchange value, so the bimetallism experiment of Thomas Hodges failed. In 1774, following the receipt of treasure in gold and silver, the government decided that the weight of gold mohurs be slightly increased but that they continue to circulate at the previous equivalent of 15 silver rupees. Existing gold coins were called in and restruck to the new standard