Watch List notes:

HYDERABAD: FARRUKHNAGAR: AE paisa (10.68g), Farrukhnagar, KM--, probably totally anonymous, traces of a date on obverse seems to be AH116x, thus an issue from the time of either Ahmad Shah Bahadur or Alamgir II, possibly unique, Fine, RRR, ex Paul Stevens Collection. This example has been posted on Paul Stevens' website (#4512), where he suggested that Farrukhnagar might be an honorary name for the city of Ausa, which is all but certain, as there exist rupees of the time of Farrukhsiyar with the mint "farrukhnagar ausa" (JONS 94/95, republished in Stephen Album Auction #26, Lot 1886, now Zeno-172489).

Estimate: 200-300 USD