Holkar Coins of Indore

There were several types of Holkar coins of Indore which were minted during their two hundred year rule on Indore. Initially the ancient rulers of India perfected the art of coin making. Then, the Slave and the Mughal dynasties added their expertise to the art. The Mughal coins were generally made of gold and silver although copper coins have also been heard of during the rule of Mohammad bin Tughlaq.

Rajmata Ahilya Bai, the third ruler of Indore, was instrumental in introducing new types of coins. Her coins portrayed Stylised Trishul emblem and Year 23 above it in Arabic Numerals on the obverse side and Bail Leaf and Decorated Spear on the reverse side. Malhar Rao Holkar II introduced coins with two horizontal lines on the front and a Nandi emblem at the back.

Tukoji Rao Holkar II started the 'Ardha Anna' (half anna) coin. He used the Devnagri script with a Nandi and Shivling motifs on the coins. The later rulers like Yashwant Rao Holkar and Shivaji Rao Holkar used the Nandi emblem with their names embossed around it.

The rulers of Indore went a long way in looking after the economy of the state. So, the process of minting coins was under strict quality control.

A glimpse at the history of Indore is an eye opener on the glorious Holkar rule and enlightens readers about Indore's past.

Last Updated on 29th Nov 2012