Watch List notes:

KHWAREZM: Sayyid Muhammad Khan, 1856-1864, AE ½ shahi falus (8.66g), Khwarizm, AH1272, A-L3087, KM--, decent strike, boldly clear mint & date, but usual striking crudeness, VF, RRR, ex Hans Mondorf Collection.

Estimate: 100-150 USD