Legend in Urdu:” Zarb sawai jaipur, sanah 1949, ba-ahdi shah-in shah sultanat inglistan george shesham”
Translation: Struck at Jaipur in the year 1949, by permission of King of Kings (His Majesty) of England, George the Sixth.
Legend in Urdu:”Sanah 3 jalus maimanat manus Maharaja-dhi-raj sawai Madho Singhji”
Translation: In the year 3 of the fortunate reign of Maharaja-dhi-Raj Sawai Madho Singhji
Obverse: Similar to KM#196, Reverse: Similar to KM#147
Weight varies 10.70-11.60 g.; possibly modern forgeries (combination of 1949/RY3 is wrong). Nazarana (gift) rupees were not circulated
Madho Singhji died in 1922, when the Princely States ultimately merged into the Indian Republic, in 1947, their official minting activities ceased. However the popular demand for nazarana coins for donations, marriages, etc. remained. That’s the reason that odd dates and wrong combinations of ruler names appear. The post 1949 issues were privately produced by sarafs in Jaipur, most likely using obsolete dies from the former mint.