1 Pagoda - Muhammad Shah

The attribution here is unusual. Pagodas were not a Mughal issue — they were struck by the South Indian kingdoms, notably the Vijayanagara empire and its successors, and later by European trading companies operating from Madras and other coastal factories. A gold pagoda bearing association with Muhammad Shah almost certainly reflects the currency of the Arcot Nawabs or a regional successor state operating in the Deccan during his reign, circa 1719–1748, when Mughal central authority had effectively collapsed south of the Vindhyas.