The Mughal Empire (1526–1857) produced some of the most artistically magnificent coins in all of Indian numismatic history. From the broad, thin coins of Akbar to the elegant calligraphy of Aurangzeb, Mughal coinage is a deeply rewarding collecting area.
The Gold Mohur
The most iconic Mughal coin is the Gold Mohur, a large gold coin struck by every emperor from Babur onwards. High-grade Mohurs bearing the name of Akbar or Shah Jahan are extremely valuable and can fetch lakhs at auction. Their wide, thin flans (the metal blanks) display calligraphy with exceptional clarity.
Inscriptions and Poetry
Unlike European coins that featured royal portraits, most Mughal coins bore Persian inscriptions — the emperor's name, his titles, the mint name (mintmark), and the date in the Hijri calendar. Akbar experimented with Ilahi calendar dates, and some of his coins feature the names of the months, making them fascinating linguistic artifacts.
The Silver Rupee Under the Mughals
Sher Shah Suri introduced the silver Rupee but the Mughals perfected it. Mughal rupees are available at varied price points making them accessible to new collectors, while rare varieties and mint combinations remain highly prized by advanced numismatists.
Collecting Strategy
Begin with Mughal rupees from common rulers and common mints before pursuing the rarer gold and copper issues. Always buy from dealers, like M.K. Pokkisham, who can authenticate the Arabic and Persian inscriptions and verify the mint and date.