Watch List notes:

QARAKHANID: Muhammad Ibn 'Ali (1003-1024), AE Fals (2.76g), Ilaq, AH 405. Citing Muhammad Ibn 'Ali as Sana' Al-Dawla, and citing Irtash, "Muhammad rasul Allah" (Muhammad is the messenger of Allah) highly stylized with the middle letters "su" of "rasul" in a crescent. A-3308. Very fine. Rare.

Estimate: 30-50