The Princely State of Indore is also known as Holkar State; it was a Maratha Princely State during British rule in India. The rulers of this Princely States were from the Holkar Dynasty. Today, it is located in the Indian state of Madhya Pradesh. The Holkars were one of the most powerful dynasties in Indian history. They have contributed a lot and have their own distinctive style. The Holkars were generally from Dangal clan that's found in Maharashtra. The Princely State of Indore was entitled to a 19-gun salute.

This state was founded by the ancestors of zamindars of that territory, scattered along the banks of Narmada River till the boundaries of Rajputana. After the fall of Mughal Empire, they got full control of Indore in the late 1900s.

This silver rupee which weighs around 11.2g was minted in Sironj and was issued from the Indore Feudatory. This silver rupee was issued in the name of Mughal Emperor Shah Alam in the Hijri Year 1186. The obverse of this coin is inscribed with the name and title of Shah Alam II. The reverse of the coin is inscribed with Julus formula and mint name Sironj.

Image Courtesy: Todywalla Auction