The Malwa Sultanate was a late medieval independent Sultanate of the Turkish origin in the Malwa region. In the present-day, it is located in the Madhya Pradesh state of India. It was founded by Dilawar Khan Ghori, the governor of the Delhi Sultanate, who asserted his independence in 1392 AD.
Mahmud Shah II ruled the Malwa Sultanate from 1510 to 1531 AD. During the reign he issued gold, silver, and copper coins in round and square shapes. These coins were issued in the denomination of Tanka and Falus.
Depicted above gold half Tanka of 5.52g was issued in the reign of Muhammad Shah II. The Arabic legend ‘al-Wathiqb'al-Mulk al-Samad Abu al-Fath Mahmud Shah’ is inscribed on the obverse of a coin. The reverse of a coin bore with ‘ibn Nasir Shah al-Khalji al-Sultan Khallada Mulkahu’.
This beautiful piece was sold for INR 2,60,000 by Classical Numismatic Gallery in an auction held on 13th October, 2012.
Image Source: Classical Numismatic Gallery