Watch List notes:

MUGHAL: Ahmad Shah Bahadur, 1748-1754, AR rupee (11.17g), Farkhanda Bunyan Haydarabad, AH1163 year 2, KM--, clear mint, date and regnal year, 3 nice banker's marks, struck during the short reign of Nawab Mir Ahmad 'Ali Khan Bahadur, 1748-1750, lovely VF, RRR, ex Paul Stevens Collection. Appears to be unpublished. No rupees of Ahmad Shah from this mint are listed in KM or on Zeno, but Zeno does list a copper paisa dated AH1164 in the name of Ahmad Shah Bahadur, filed under the state of Hyderabad.

Estimate: 300-400 USD