Copper Paisa, Lakhi (Brockage), 16.60g, in the name of Shah Alam II, Horse within square, crescent above in centre, Persian legend around on obverse. Extremely fine, extremely rare.
Depiction of Ceremonial Horse interpreted as “Ashwamedh Yagna”, in central India Tonk, Ratlam ahd Gwalior State issued coins in Copper with Horse motif whether they also consider as Ashwamedh?. Interesting coin.