Watch List notes:

BRITISH INDIA: Victoria, Queen, 1837-1876, AR ¼ rupee, 1840 (b & c), KM-454.1, Prid-108, S&W-3.55 (should have been listed as a mule), divided legend obverse, muled with the last reverse of the continuous legend type, Unc, R. The keys to this mule are (1) dot after the date, not found on any other version of the divided legend series (2) wreath with 34 berries, as on KM-453.4 (S&W-3.43, Prid-103); and (3) the crescent on the upper left tip of the wreath.

Estimate: 450-550 USD