Maratha Confederacy, Mominabad Bindraban Mint ; Silver Rupee, 37 RY, Nagari Legend “Wala” type

Description

Maratha Confederacy, Mominabad Bindraban Mint ; Silver Rupee, 37 RY, Nagari Legend “Wala” type, “Saya-e-fazle elah” Couplet, In the name of Shah Alam II,
Obv: Persian legend “sikka zad bar haft kishwar saya-e-fazle elah, hami-e-dine Muhammad Shah Alam Badshah”, with the royal umbrella & the flower symbols,
Rev; Persian legend “sana 37 julus” & “zarb Mominabad Bindraban” at the top, “Shri” in Devanagari in between regnal year, Nagari “Wala” at the top & mintmarks as a trident, a katar a small sword, Weight : 10.80 Grams
(Unlisted in KM /M&W # T1),
Extremely Rare.
Note: The significance of the Nagari legends “Wa La” with “Shri” found on this coin remains unattributed, leading to speculation that they might be the initials of a Governor. Notably, these legends are exclusive to coins with RY37. This rare issue, raises interesting questions and suggests the need for further research on the subject.