Watch List notes:

SIKH EMPIRE: Mahmud Shah, 2nd reign, 1809-1817, AR mahmudshahi rupee (10.90g), Derajat, AH1224 year one (ahad), KM-373 (Afghan), Herrli--. A-3131.2, first year pre-Sikh issue under the local Nawabs, the first year of the mahmudshahi rupees, prototype of the later Sikh issues, bold VF to EF.

Estimate: 100- 120 USD