List of Hyderabad Coins and Notes (Full Guide 2025)
Introduction
Hyderabad, a prominent princely state in pre-independence India, had a unique monetary system under the rule of the Asaf Jahi dynasty, popularly known as the Nizams. Unlike most princely states that relied on British Indian coinage, Hyderabad had the authority to issue its own coins and currency notes until 1950. This guide offers a comprehensive list of Hyderabad coins and notes, covering metal types, denominations, mint marks, years of issue, and estimated collector values in 2025.
Historical Overview
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Established: 1724 by Nizam-ul-Mulk (Asaf Jah I)
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Capital: Hyderabad
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Currency System: Rupee divided into annas, pice, and paisa
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Languages Used on Coins: Persian and Urdu (no English legends)
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Minting Cities: Aurangabad, Hyderabad, Warangal
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Notable Ruler: Mir Osman Ali Khan (Asaf Jah VII), who issued both coins and notes extensively
Timeline of Coinage by Nizams
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Asaf Jah I (1724–1748)
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Introduced silver rupees and gold Ashrafis
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Asaf Jah II–VI (1748–1869)
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Continued traditional coin designs
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Asaf Jah VII (1911–1948)
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Introduced modern minting techniques and paper currency
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List of Hyderabad Coins by Denomination
Gold Coins
| Coin | Weight | Ruler | Mint | Hijri Year | Notes |
|---|---|---|---|---|---|
| Ashrafi | 10.6g | Asaf Jah V | Aurangabad | 1260 AH | Rare collector item |
| Double Mohur | 21.2g | Asaf Jah VI | Hyderabad | 1310 AH | Extremely rare |
Silver Coins
| Coin | Denomination | Ruler | Hijri Year | Mint | Collector Value (2025) |
|---|---|---|---|---|---|
| Rupee | 1 Rupee | Asaf Jah VI | 1300 AH | Hyderabad | ₹2,500–₹4,000 |
| Half Rupee | 8 Annas | Asaf Jah VII | 1340 AH | Hyderabad | ₹1,200–₹2,500 |
| Quarter Rupee | 4 Annas | Asaf Jah VII | 1345 AH | Warangal | ₹1,800–₹3,000 |
Copper Coins
| Coin | Denomination | Local Name | Ruler | Hijri Year | Value (2025) |
|---|---|---|---|---|---|
| Paisa | 1 Paisa | Paisa | Asaf Jah VI | 1290 AH | ₹200–₹400 |
| Dhela | 2 Paisa | Dhela | Asaf Jah VII | 1335 AH | ₹300–₹600 |
| Chaar Anna | 4 Paisa | Chaar Anna | Asaf Jah VII | 1340 AH | ₹500–₹900 |
Hyderabad Paper Currency
Hyderabad State issued its own paper money starting in 1919, making it one of the rarest paper currencies in Indian history.
Currency Note Details
| Denomination | Year | Color | Printer | Rarity Level |
|---|---|---|---|---|
| 1 Rupee | 1919 | Green | Nasik Security Press | Common |
| 5 Rupees | 1919 | Blue | Hyderabad State | Moderate |
| 10 Rupees | 1922 | Purple | UK Printers | Scarce |
| 100 Rupees | 1930s | Red | Waterlow & Sons | Rare |
| 1000 Rupees | 1940s | Brown | Security Printing India | Very Rare |
Watermarks and Security Features
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Watermarks: Nizam insignia, floral patterns
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Inscriptions: Urdu and Persian texts
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No English: A unique feature distinguishing them from British Indian notes
Numismatic Value of Hyderabad Coins and Notes
Collectors evaluate based on:
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Rarity
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Condition (Fine to UNC)
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Mint Mark
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Historical Significance
Price Guide (2025 Estimate)
| Item | Estimated Price |
|---|---|
| Gold Ashrafi | ₹75,000+ |
| Silver Rupee (1930s) | ₹3,500+ |
| 5 Rupee Note | ₹10,000+ |
| 1000 Rupee Note | ₹80,000+ (UNC) |
How to Authenticate Hyderabad Coins
Checklist:
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Arabic script matches ruler period
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Accurate weight and metal composition
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Check for wear and corrosion
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Avoid modern fakes (especially silver rupees)
Where to Buy/Sell Hyderabad Coins
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Online: Mintage World, CoinBazaar, eBay India
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Offline: Hyderabad, Mumbai, Chennai Coin Exhibitions
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Facebook Groups: Numismatics India, Rare Coins Collectors
Notable Auctions
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Hyderabad 1 Ashrafi sold for ₹1,20,000 at a 2022 auction in Delhi
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1000 Rupees note from 1940s sold at ₹1,75,000 in Bangalore (2023)
Tips for Collectors
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Prefer certified coins (NGC/PCGS)
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Preserve coins in airtight pouches
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Avoid cleaning old coins
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Join forums for updates
Books and References
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"The Coins of Hyderabad" by P. L. Gupta
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"Standard Catalog of World Paper Money" by Krause
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"Coins of Indian States" by Dr. S. Wiggins
FAQs
Q: Are Hyderabad coins still valid?
A: No, they were demonetized after integration into Indian Union in 1950.
Q: What is the most valuable Hyderabad coin?
A: Gold Ashrafi and rare silver rupees from Asaf Jah I and VI periods.
Q: Are Hyderabad notes accepted in India?
A: No. They are collector’s items now.
Q: How can I verify the authenticity of a Hyderabad note?
A: Look for watermark, printing alignment, and serial patterns.
Conclusion
The Hyderabad coins and notes are not just old currency—they are pieces of history representing the economic independence and artistic richness of the Nizam’s rule. Whether you are a beginner or an expert collector, investing in Hyderabad numismatics is a rewarding journey.
Stay updated with numismatic news and always consult expert dealers before purchasing high-value coins. This 2025 guide will help you make informed decisions and appreciate the heritage of one of India’s most fascinating princely states.
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