Watch List notes:

HYDERABAD: Sikandar Jah, 1803-1829, AR ¼ rupee (2.80g), Farkhanda Bunyad Hyderabad, AH1231, Cr-46, lovely bold strike, one tiny testmark, choice EF, RR, ex Paul Stevens Collection. The earliest quarter rupee date listed in KM is 1238; the 1231 on this piece is totally clear.

Estimate: 100-150 USD