Watch List notes:

GOLDEN HORDE: Toqtamish, 1376-1395, AR dirham (1.18g), Balad, ND, A-2048, mint name on reverse, within complex border created by overlapping a hexagram on a hexafoil, choice Very Fine, R. Balad is believed to refer to a mint at or near Bulghar.

Estimate: 80-100 USD