One of the three Maratha powers with major landholding in central India were the Holkar’s of Indore. This state originated in 1782 when the Peshwa of the Poona granted the land located to the north of the Narmada river to Malhar Rao Holkar, a cavalry commander in Maratha army.
This silver coin of Holkar’s was issued by Tukoji Rao II in sana 1289. The obverse of this coin depicts a sword in the centre with encircling legend ‘ Sri Tukoji Holkar’ within the dotted border. The reverse of this coin depicts a sunburst symbol with the encircled legend ‘Sri Samba-Mallaryahalya’ within the dotted circle.
Holkar’s power in central India was declining after the death of Ahalya Bai Holkar and constant conflict with British played a major role it in. Thus, Holkars were forced to cede a considerable land to British and till Independence was obliged to accept their protection.
Image Courtesy: Todywalla Auctions