Watch List notes:

QARAKHANID: 'Ali b. al-Hasan, 1020-1025, AR dirham (2.82g), Khutlukh Urdu, AH425, A-3347, Koch-784, with his title Tafghaj Bughra Khan, lovely fancy calligraphy, EF, R. This issue is one of most elegant dirhams ever issued by the Qarakhanids.

Estimate: 250-300 USD