Note: No gold mohurs are known to have been issued from the Imtiyazgarh (Adoni) Mint. However, following the formation of the Asaf Jahi State in 1724, a substantial number of gold hons or pagodas were struck there and circulated widely in the surrounding regions. Interestingly, coins inscribed with Ahmad Shah Bahadur’s “Ba fazle elah” couplet were issued by various feudatory states and 'Samasthans' under the Nizam's authority. The inclusion of this couplet came to symbolize allegiance to the Nizam. Outside the Deccan, only the Kashmir Mint is known to have adopted the same couplet.

Since this gold mohur does not bear a date (AH/Ry), it cannot be definitively attributed to any particular successor of Asaf Jah I (1724–1748). His immediate successors, Nasir Jung (1748–1750), Muzaffar Jung (1750–1751), and Salabat Jung (1751–1762), were all crowned during the reign of Mughal Emperor Ahmad Shah Bahadur, with the first two dying during his rule. One plausible context for its issue stands out: the territories of Adoni (Imtiyazgarh) and Raichur were granted by Asaf Jah I to his grandson and future successor, Muzaffar Jung. As Adoni served as Muzaffar Jung’s stronghold and administrative base, it is quite likely that this mohur was struck by his supporters to Commemorate his ascension as Nizam.

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