Watch List notes:

BUWAYHID, SULTAN AL-DAWLA (403-415h), Pictorial dirham, Shiraz (?) 408h. OBVERSE: In field: Sasanian-style bust facing right; to left and right: shah – Khusraw; Infirst and fourth quadrants of margin: al-malik al-adil – Abu'l-Fawaris (?). REVERSE: In field: lillah | Muhammad rasul Allah | al-Qadir billah wali | ahadahu al-Ghalib billah | Sultan al-dawla | Abu Shuja' . WEIGHT: 3.76g. CONDITION: Some chloride deposits, fine to good fine and of the highest rarity, apparently unpublished. NOTE: Frustratingly, the mint-name on this remarkable coin is difficult to read although the date, 408h, is clear. Shiraz is perhaps the most likely reading, because several elaborate presentation dirhams were struck there around this time and a coin of this mint dated 407h bears the title Abu'l-Fawaris, as here. It is uncertain whether Khusraw Shah on the obverse is an unrecorded title for a known ruler or simply refers to the Sasanian king.

Estimate: £3,000-5000