Watch List notes:

SIKH EMPIRE: AE falus (11.40g), Peshawar, AH123x year 10, KM--, struck in the name of the Durrani Mahmud Shah (listed as KM-726 under Afghanistan), with Sikh pipal leaf on obverse and flower on reverse, VF, RR, ex M.H. Mirza Collection. Sikh effective rule in Peshawar commenced in AH1231 (1831), but all coinage cites only the Durrani ruler, Mahmud Shah until about AH1234, then Ayyub Shah until AH1246.

Estimate: 110-150 USD