Coin Age Of Gwalior
The evidences pertaining to the prevalence of coins as a form of currency in the civilized society of Gwalior region are discernible in coin minting by ruler of the Naga dynasty The surrounding areas of the prosperous cities like Kutwar (Kuntalpur) Pawaya(Padmawati) and Narwar.Coins minted by the rulers of the Naga dynasty during 1st -2nd century A.D are obtained in abundance in this region.
We came to know for the first time of the emergence of the city of Gwalior, in the records of 7th 8th century But the evidences regarding the establishment of a mint at Gwalior Fort are deduced From the Gwalior Mint, casting coins in Silver and Paisa in copper On these coins the Name of the mint was distinctly inscribed as “GWALIOR” Islam Shah Suri not only kept on casting-coins in the Gwalior mint but also glorified this city as the capital of India by making it the capital of his empire.
Gwalior mint attained the level of national importance when the Mugal Emperors. Akbar Jahangeer and Shahjahan Managed the coinage of gild Mohars along with the minting of Silver and copper coins among the last Mugal rulers. Aurangzeb, Mohammed Shah and Shah Alam kept on minting gold and silver coins in this mint till 1761.
After the second battle of Panipat Mahadji Shinde Symbolizing a new epoch with the advent of Marathas. continued to mint gold, silver and copper Coins, which bore his dispicious symbol i.e. the sword and the flower as mint mark of Gwalior. Daulat Rao, the next Ruler of the Shinde Dynasty, shifting his capital from Ujjain to Gwalior founded a new city which in course of time.Came to be known as Lashkar. He with a view to meet the requriements of his vast empire. Set up another mint at’Danaoli’ in the new city of Gwalior.
During the reign of Daulat Rao and that of the rulers posterior to him – Rani Baija Bai, Janko Rao and jiyaji Rao coins would be minted in more than 10 mints for use in Gwalior state it is important to note here that gold coins would be minted only in the mint of the Gwalior Fourt the other mints i.e those of Ujjain, narwar Sheopur, Shadausa, Bairagarh, ishagarh Chanderi and videsha, as the evidences show, were employed only for the minting of coins of silver and copper: Where as at Jawad and Rajoud, evidences concerning the coinage only of copper coins have been obtained so far.
After 1925 Gwalior state started to mint coins worth a pie, Half paisa and Two paisa respectively. in order to fulfil further requirements, coins authorised issued by British India would be used. Coins of Gwalior state were widely in use within its territories till 1950.