Watch List notes:

Ladakh (1842-50), AR Ja’u, 2.16g, in the name of Gulab Singh, obverse with 3-line Nagari legend Raja Gulab Singh, rev. plain katar with crescent on hilt (Rhodes, Garhwal and Ladakh, 28 (plate coin); KM. 7.1 (plate coin)), edge crack, toned very fine, scarce.
This type was struck after Ladakh had been conquered by Gulab Singh and the Doghra army in 1835. Until 1845, Gulab Singh acknowledged Sikh suzerainty and ruled Ladakh as part of Jammu. This issue shows signs of significant debasement.
Estimate: £100.00 - £150.00