Watch List notes:

BOMBAY PRESIDENCY: AV 15 rupees (11.87g), Bombay, 1770//AH1184 year 9, Stv-2.96, KM-183. Prid-7, English text BOMBAY / 1770 / 15 Rup.s // sikka mubarak sanah 9 alamgir badshah ghazi sanah 1184 ("auspicious coin of the 9th year of Alamgir, the victorious emperor, year 1184"), 1 tiny testmark at the reverse rim, bold strike, NGC graded MS61, RR, ex Paul Stevens Collection. The dates 1770 and AH1184 correspond correctly, and the issue was based on a document proposed by the President of Bombay on 3 July 1770 (= 9 Rabi' al-awal 1184), but why was it struck in the name of Alamgir, who passed away in 1759, and what might be the meaning of "year 9"? Could it refer to the 9th year after the decisive Battle of Panipat (January 1761), the disastrous defeat of the Marathas by the Durranis and their various allies, regarded by historians as the turning point for British consolidation in India? As for the retention of the name of Alamgir, it was believed due to regional preferences, as that name was preserved on the regular coinage of the Bombay Presidency until about 1800 and of the Madras Presidency until the end of Presidency coinage in 1835 (even when struck at the Calcutta mint, whereas the Bengal Presidency adopted the name of Shah Alam II in 1760/61).

Estimate: 65,000-85,000 GBP