Hyderabad was a Princely State located in the South-central region of India. It was ruled by Nizam of Hyderabad from 1724 till 1948 CE. The region had also become a part of the Mughal Empire in 1680.
Hyderabad was founded by Mir Qamar-ud-din Khan, a Governor of Deccan under the Mughal Empire from 1713 till 1721. In the year 1724, he became free from Mughal and founded Asaf Jahi dynasty. He took the title Asaf Jha. His other title Nizam-ul-Mulk became the title of his position as the Nizam of Hyderabad.
Mir Usman Ali Khan was the last ruler of Hyderabad and had ruled Hyderabad between 1911 to 1948 CE until the state was annexed by India. In the later years, he was made as Rajpramukh of Hyderabad State on 26 January 1950 and continued on this post until October 1956 after which the state was partitioned on linguistic basis and became part of Andhra Pradesh, Karnataka and Maharashtra. This gold Ashrafi which was issued by Mir Usman Ali Khan during the 20th year of his reign is estimated for 1,20,000-1,40,000 in the upcoming auction of Todywalla which will be held in Mumbai on 20th April 2018. The obverse of the coin is inscribed with the image of ‘Charminar’ with a short initial ‘Ain’ and Hijri Date 1349. The reverse of the coin is inscribed with name and title with the regnal year 20.
Image Courtesy: Todywalla Auction