Watch List notes:

ISLAMIC, Persia (Post-Mongol). Hotakis. Mahmud Shah. AH 1135-1137 / AD 1722-1724. AV Ashrafi (22mm, 3.44 g, 7h). Type B. Isfahan mint. Dated AH 1135 (AD 1722/3). Cf. Farahbakhsh 203-1 (4 shahi); cf. SICA 9, 215 (abbasi); Album 2712. Near EF, Rare.

From the collection of Dr. Lawrence A. Adams. Ex Malter XLIV (29 May 1990), lot 633.