Inscriptions on both sides: Al-sultan al-halim al-karim ala al-dunya wa'l din / Abu'l muzzafar mahmud shah khalji, mint name in margin. Dated to 871 AH = 1466 CE. 20mmx21mm, 10.87 grams. Hadrat Shadiabad mint. Rajgor 3055; "The Coin of the Indian Sultanates" M32; HNW 13.

Excellent quality for these, thick and heavy coin, made out of decent silver.

The Malwa Sultanate was a medieval Muslim kingdom that ruled over the Malwa region in central India from 1392 to 1562 CE. It emerged as an independent sultanate after breaking away from the weakening Delhi Sultanate under the leadership of Dilawar Khan Ghori, its first ruler. The Malwa Sultanate, with its capital at Dhar and later Mandu, became known for its distinctive architecture, art, and culture, blending Persian influences with local traditions. The sultans patronized poetry, architecture (notably Mandu’s palaces and mosques), and scholarship. Throughout its history, Malwa faced constant rivalry with neighboring powers such as the Gujarat Sultanate, Rajput states, and the emerging Mughals. In 1562, the sultanate was conquered and annexed by Emperor Akbar, becoming part of the expanding Mughal Empire. Despite its relatively short existence, the Malwa Sultanate contributed significantly to the cultural and architectural heritage of central India.