DENIZLI: Murad, 1334-1360, AR akçe (0.86g), Ladiq (misspelled!), ND, A-A1265, Ender-, royal legend within lobated square // first half of the kalima within ornamental hexafoil, blundered mint formula below, VF, RRR. This appears to be the first known example of this design for Murad, an identical design as the first type of his successor Ishaq, as Zeno-60918.
Estimate: 150-200 USD