Watch List notes:

MUGHAL: Akbar Adil Shah, 1753, AR rupee (11.29g), Allahabad, year one (ahad), KM-763, Zeno-78896 (same dies), obverse couplet sikka zad dar jahan ba-fazl alah / shah-i-'alam panah akbar shah, third known example of this Mughal Emperor, whose rupee was only recently discovered, and the only example ever offered on the market, choice VF to EF, RRRR, ex Paul Stevens Collection. Akbar Adil Shah was placed on the throne by Safdar Jang in opposition to Ahmad Shah Bahadur in May 1753, but vanished from history late November of the same year. For more information see the article by Jan Lingen & Paul Stevens in JONS vol. 201 (2009), pp. 44-46, and the description of Zeno-78896. Only 3 pieces are known of this ruler, all rupees of Allahabad, year one. Only Nikusiyar is rarer, with just 2 pieces known, as discussed on Zeno.

Estimate: 12,000-16,000 USD