Watch List notes:

SIKH EMPIRE: AR rupee (10.83g), Kashmir, VS1903, KM-52.2. Herrli-06.51.04, Persian letter "Sh" for Shaikh Imam al-Din Bahadur (governor, 1845-47), with flower symbol on obverse as recorded by Herrli only for VS1902 (use of old obverse die), VF to EF, R, ex Ajit Singh Collection. Kashmir was lost to the Sikhs during the year VS1903 and fell under the rule of Gulab Singh of Jammu.

Estimate: 120-150 USD