QARAKHANID: Shams al-Din Qutlugh Bilga Khan, fl. 1205-1206, AE dirham (8.23g), Parab, DM, A-3424P, Zeno-, cf. Kochnev-1147, ruler's name clear, either date off flan or undated, last three letters of mint name clear, crude VF, RRR. There is another name inscribed in the obverse margin, tentatively read by Kochnev as Hasan bin 'Abd al-Khaliq, but unclear on this piece.
Estimate: 100-150 USD