The Ahmednagar Sultanate was located in the northwestern part of the Deccan region, between Gujarat and Bijapur Sultanates. It was founded by Malik Ahmad Shah Bahri, who served as the Governor of Junnar under the Bahamani Kingdom.
Murtaza Nizam Shah I was sultan of Ahmednagar. He was son of Hussain Nizam Shah I, who succeeded after his father’s death in the year 1565. He was the first Nizam ruler who had issued coin in his own name. Coins issued by him in his own name are known from the date 989 to 996.
His gold coins are known as Pagoda which contains Shia version of Kalima ‘La Ilaha Illa Allahu Muhammadur Rasulullah Ali Wali Allah’ on its obverse and reverse has Persian legend ‘Sultan Murtaza’ with date in words. Copper coins are known as Falus which is issued in various fractions, viz., 2/3 Falus, 1/3 Falus , and 1/6 Falus. All copper coins were issued from Ahmednagar mint.
Image Source: Classical Numismatic Gallery