Watch List notes:

HYDERABAD: Mir Mahbub Ali Khan, 1869-1911, AE pattern ¼ anna (5.26g), Farkhanda Bunyad, AH1312 year 28, KM-Pn6, the only issue for a quarter anna, a denomination that never placed in circulation at Hyderabad, Red-Brown Unc, RRRR. An example of this type was offered at Baldwin's Auction 71, Lot 1475, then reckoned as one of two known specimens, one in the British Museum and one in private hands. This would then be the third known example, and the second one in private hands, thus of the greatest rarity.

Estimate: 5,000- 7,000 USD