NOT SOLD (BIDDING OVER)
0.00INR+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2020 Sep 22 @ 14:00UTC+5:30
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Bombay Presidency, Mumbai mint, silver rupee struck in the names of King William and Queen Mary (1689 - 1694) in the Mughal style, RY 4 (issued 13 Feb. 1692- 12 Feb. 1693), 11.44g. Obv: Farsi legend Sikka zad Dauran King Uilyam ein Kween Meree ("Coin struck during the reign of King William and Queen Mary"). Rev: Farsi legend Sanah Julus 4 Angrez Shaheen Zarb Munbai ("Struck at Bombay in the 4th regnal year of the English rulers"). PR 27, Stevens EIC 1.25.
Extremely fine, Extremely rare.
The British East India Company at Bombay operated its own mint since 1672, but found trade very difficult as their coins with English designs were not readily accepted by the local businessmen. They could not officially strike coins in the name of the Mughal emperor, as they were technically not his subjects. To remedy this situation, they resorted to strike coins in the names the British sovereigns but resembling Mughal coins in every other respect such as the use of Farsi script. The issue began sometimes during 1693, which was the 4th regnal year of King William and Queen Mary as joint rulers of Great Britain.The coins were brought to the notice of Mughal emperor Aurangzeb soon and he was very annoyed at their sight. He sent Khafi Khan, a nobleman who would later become famous also as a Mughal chronicler, to Bombay and threatened the British with dire consequences if the coins were not withdrawn immediately. The British complied with the Emperor's demand under the threat of an impeding military action. The coins were all withdrawn and melted down in 1696. The issue was thus very short-lived. Coins of this type were unknown until 1960, when P L Gupta located a few specimens in the collection of the Prince of Wales Museum (now CSMVS) in Bombay. He published them along with historical context as outlined by Khafi Khan. Coins dated in RY4, 5 and 6 are now known. Of these, coins dated Ry4 are the rarest, as they were most likely issued for only two months, January and February 1693. As per the cataloguer, only 4 or 5 specimens are known of RY 4.
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