Watch List notes:

QARAKHANIDS IN BALKH & TIRMIDH: Ghiyath al-Dunya Mahmud, d. 1212, AV dinar (4.58g), Tirmidh, DM, A-G1523, Kochnev-1162, Zeno-52671 (this piece), known dated AH604, crude strike, as is the norm for this type, obverse central text tirmidh / al-khaqan al-a'zam / ghiyath al-dunya wa / al-din mahmud / sultan al-sala- / -tin, crude VF, RRR.

Estimate: 500- 700 USD