Extremely Fine, Extremely Rare.

Phulgaon, located on the Bheema River to the East of Pune, caught fancy of Bajirao II, the Maratha Peshwa in 1812and he decided to make it a pleasure resort. He encouraged several Brahmin families to settle there and ordered construction of mansions and markets. As a part of this urbanisation scheme a mint also appears to have been run at Phulgaon. The additional symbol is clearly of a Hibiscus flower which is associated with Ganesha – it creates a pun on the name of the mint-town and a reference to the Peshwa’s patron deity reference from Oswal Auctions Auction no 58, lot no 244.