Malhar Rao Holkar III, Silver Rupee, 11.23g, in the name of Shah Alam II, Malharnagar Mint

Malhar Rao Holkar III, Silver Rupee, 11.23g, in the name of Shah Alam II, Malharnagar Mint, AH (12)39, with usual Sun face mark with additional symbol of a vertical sword. Very fine, rare. The symbols on coins of Malharnagar mint often alluded to Malhari, Mhalasakant or Khandoba, the titular deity (Kuladevata) of the Holkar clan. He is also referred to as ‘Malhari Martand’, hence the Sun face. The vertical sword or ‘Khanda’ is a weapon associated with God Khandoba. The symbols also indirectly refer to Malhar Rao the founder of the state.

Unsold / price not disclosed

Auction: Auction #112 · Oswal Antiques · 2026-07-25 · Estimate: ₹ 5000 - ₹ 6000

Category: Princely States : Indore

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