Persian inscriptions on both sides, Emperor's is given the epithet of Badshah Ghazi. Dated to 1139 AH / RY 9 (=1726). 24mm in diameter, 11.30 grams. Gwalior mint. Krause 436.25. 

Muhammad Shah (1719–1748) was the 13th Mughal emperor, known for his long but politically unstable reign. He ascended the throne at the age of 17 after a series of puppet rulers controlled by the Sayyid Brothers. Though he later removed them with the help of Asaf Jah I, his rule was marked by decline, with the empire losing territory and influence. The most devastating event of his reign was Nader Shah of Persia’s invasion in 1739, which led to the sack of Delhi and the loss of the Peacock Throne. Despite his interest in arts, culture, and music, his weak administration accelerated the Mughal Empire’s downfall.