Gwalior was a Princely State during British India. Today it is situated in the central Indian States of Madhya Pradesh. The state took its name from the old town of Gwalior, though it was never its capital, it was an important place because of its strategic location and the strength of its forts.
Gwalior was ruled by Scindia dynasty of Maratha. After the defeat of Peshwas in the Battle of Panipat by Ahmad Shah Durrani, the dominion of the State of Gwalior was completely shifted in the hands of Sindhia. The ruling family Sindhias was the descendants of Maratha chief Ranoji Sindhia. Ranoji Sindhia was the Maratha chief of the Peshwas of Poona in 1750. During the reign Ranoji Sindhia, the state became a powerful kingdom in North India. The Anglo-Maratha war brought Gwalior State under British rule.
This very rare silver rupee issued in the name of Mughal Emperor Shah Alam II was minted in Alamgirpur. The weight of this coin is around 10.9g. This coin was sold for INR 25,000 at Todywalla Auction.
Image Courtesy: Todywalla Auction