Watch List notes:

KHWAREZM: Qutlugh Murad Khan, 1856, AV ½ tilla (2.23g), Khwarizm, AH1272, A-3084.1, teardrop / plain circle, couplet type, divided between obverse and reverse, translates as "by the grace of God, the generous, the beneficent, he struck coins in gold, the Shah Qutlugh Murad", EF, RRR. Although struck in Khwarizm, the couplet type always lacks the mint name.

Estimate: 700-900 USD