Watch List notes:

SIKH EMPIRE: AR nanakshahi rupee (10.89g), Amritsar, VS[18]94, KM-22.4, Herrli--, VS1885 series, with RAM, extremely rare date, 3 small testmarks but still very attractive, VF to EF, RRR. Unlisted by KM and Herrli, but another specimen (same reverse die, without testmarks), was sold at the Spink Auction 6003, Lot 1230, for £420, then about $728.

Estimate: 400- 500 USD