Watch List notes:

Karnataka and Rayalsema Region, Vijayanagara Empire. Feudatory Anonymous Issue. 13.97 mm, 3.40 g, 2 h). Late 16th Century A.D.. Horse to Left with Flag above it and Crescent to right / Corrupt Legend. K Ganesh Karanata Coins 12.80. Good VF, Rare. 

Perhaps representing the Horse of Ashvamedha Yagna done by an emperor to show his supremacy over a part of land