Watch List notes:

INDIA, Mughal Empire. Muhammad Shah. AH 1131-1161 / AD 1719-1748. AR Rupee (22mm, 11.10 g, 3h). Countermarked issue, used by the Durranis, circa AH 1180s (AD 1766-1776). Dar al-Khalifat Shahjahanabad mint. Dually dated AH 11[4(8 or 9)] and RY 18 (27/29 September AD 1736- 26/28 September AD 1737). Couplet citing Muhammad Shah; partial AH date to right; c/m: rāyij Persian in incuse / Mint formula and RY date. For coin: cf. Wright 2051(for type); Hull –; KM 437.4; for c/m: SICA 10, p. xix; cf. Album 15, lot 1070. Host Coin Fine, countermark VF, toned, a couple of shroff marks.