Watch List notes:

PRINCELY STATES, Bahwalpur. Sadiq Muhammad Khan V. AH 1325-1365 / AD 1907-1947. Fantasy AV Paisa (26mm, 6.10 g, 9h). Bahwalpur mint. Dated AH [1]343 (AD 1924/5). Tughra within double linear quadrate border; partial AH date above; value below; ornate design on either side / Three branches with four stars above; all within double linear quadrate border; mint formula around. Cf. KM 9 and 9a (for issues in copper and brass, respectively); Friedberg –; cf. CNG E-126, lot 392 (for off-metal strike in silver). UNC, hairlines, slightly wavy flan, possibly from having been placed in a bezel. An interesting fantasy.

From the collection of Dr. Lawrence A. Adams.