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Jul 18 2018 14:29 EST

Marwar Indian State Ex-RARE British Period One Anna Cash Coupon

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Marwar Indian State Ex-RARE British Period One Anna Cash Coupon

During the period leading up to and including World War II, the war effort against the Axis Powers caused a scarcity of metals for coinage.The Princely States where British India coins circulated could not keep up with the demand for coins.To offset the coin shortage, several of the Princely States located in western India including Rajasthan, issued “Cash Coupons” as a substitute for coins. Note that many of these Princely States were micro nations with an area of 100 – 200 square miles.

Initially the Princely States sought permission from the government to issue the low denomination cash coupons.When requests were turned down, many of the Princely States issued these Cash Coupons unofficially.Most of the Cash Coupons issued were impressions of the revenue stamps on cardboard – some of them had serial numbers and others did not.In some cases, the Cash Coupons were issued through the State’s treasury and bear the signature of the treasurer.However, there were many Cash Coupons that were issued without signatures. Many states also issued restrictions on how the Cash Coupons could be used; for example in some states they could only be transacted in a lump sum equivalent to one Rupee.

From 1818 to 1947 in the present-day Indian State of Madhya Pradesh (Central India Agency), there were several princely states that were under the protection of the British Empire.  The largest were Bhopal and Indore.  The smaller princely states include Ajaigarh, Ali Rajpur, Alipura, Baoni, Barannda, Barwani, Beri, Bhopal, Bijawar, Charkhari, Chhatarpur, Datia, Dewas, Dhar, Garrauli, Gaurihar, Indore, Jabua, Jaora, Jaso,  Jigni, Kamta-Rajaula, Khaniadhana, Khilchipur, Kothi Baghelan, Kurwai, lugasi, Maihar, Makrai, Mathwar, Muhammadgarh, Nagod, Narsingarh, Orchha, Panna, Pathari, Piploda, Rajgarh, Ratlam, Rewah, Sailana, Samthar, Sarila and Sitamau.  This may not be an exhaustive list.

Cash Coupons from Princely States that are now in the Indian State of Madhya Pradesh are discussed in this entry.


Jaora State was founded by Abdul Ghafur Muhammad Khan, a Muslim of Afghan descent.  He was a cavalry officer who served the Holkar Maharaja of Indore and was instrumental in overpowering the Rajputs in Malwa and annexed their territory.  For his dutiful services to the Holkar Maharaja he was made a Nawab in 1808 and the princely state of Jaora was confirmed by the British in 1818. 

Ratlam Gate, Jaora State
Jaora State Coat of Arms

Today, Jaora is a city in Ratlam district in the Indian State of Madhya Pradesh.  Nawab Muhammad Iftikhar Ali Khan ruled Jaora State from 1895 until 1947.  He was succeeded by Nawab Muhammad Usman Ali Khan who acceded to the Government of India on June 15, 1948.

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