The existence of historical references to Mahipala, king of Delhi, does not demonstrate that he issued billon coins. According to some historians, there was a similarity of the coins of Mahipala and Maudud. Maudud was the Yaminid ruler of Lahore. The figure of the bull represented on the coins of both Maudud and Mahipala matches greatly. The bull on King Mahipala's coins is engraved as large as to be about 50 to 60 per cent off the flan; while Maudud's bull is 5-10 per cent off the flan on average. The legend above Maudud's bull is 'sri samanta deva', with the king's name on the other side; the legend above Mahipala's bull is the king's name. The two coins are at opposite ends of the bull-and-horseman stylistic spectrum, and any comparison is far-fetched. The coins of King Mahipala were largely different from those of Ananga Pala. King Mahipala had not been a major coinage issuer in the eleventh or twelfth centuries. Further, coins of King Mahipala also resembled the Amrita Pala series of Budaon, especially in the peculiar trident form.
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