Muhammad Bin Tughlaq is known as a “Man of Ideas” and can be said to be one of the most striking Sultans of medieval India. He was the eldest son of Ghiyat Al-Din Tughlaq, the founder of the Tughlaq Dynasty. He was born in Kotla Tolay Khan in Multan.
His rule is significant for the introduction of token currency. Gold coins were introduced as Dinars and the silver coins as Adl.
This Al-Wathiq type gold Dinar of Muhammad Bin Tughlaq which weighs around 12.80g was minted at Hazrat Delhi in 727 AH. The obverse of the coin is inscribed with Persian legend ‘Ash Hadu Allah Ilaha Illallah Wa Ash Hadu Anna Muhammadan Abduhu Wa Rasuluh’. The reverse of the coin is read as ‘Al-Wathiq Tayid Al-Rehman Muhammad Shah As-sultan’ within the circle and ‘Zarb Haza Al Dunya Hazrat Delhi Sanah Saba wa Ashrun Wa Sabamia’. This coin is listed at INR 60,000 to 70,000 at Classical Numismatic Gallery.