Watch List notes:

MUGHAL: Muhammad Shah, 1719-1748, AR nazarana rupee (11.26g), Shahjahanabad (Delhi), AH1135 year 5, KM-437B.2, one test ding at the rim, two tiny testmarks on the edge, small area of minor porosity near the rim, still very attractive bold strike, EF, R. Several dates are known for proper nazarana rupees for Muhammad Shah from Shahjahanabad and a few other mints, easily distinguished from the regular circulating rupees by breadth and thickness.

Estimate: 240-300 USD