Colonial IndiaCoinage in the Princely StatesLarge parts of India were not under the control of the East India Company, but were ruled by local magnates. These ‘Princely States’ had formed in the 18th and early 19th centuries as the power of the Mughal emperors declined. These states struck Mughal-type coins and continued to recognise the nominal authority of the Mughal emperors until the take-over by the British Empire in 1858.
Even after that, until Indian Independence, the local maharajas issued their own distinctive coinages, though often combining their own name with that of the English monarch.
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