Watch List notes:

India, Mughal Empire, Shah Alam II (1759-1806), Rupee, 11.44g, Arkat (Arcot), year 2, (KM -), well struck and attractively toned, good very fine, scarce.
A late issue of the Mughal Empire at this mint, struck under the authority of the Nawab of Arcot. By 1763 the Nawab, Muhammad Ali, had become recognised as an independent ruler.
Estimate: £100 - £150