Watch List notes:

QARAKHANID: Husam al-Din Ulugh Toghan, fl. 1205-1206, AE husami dirham (8.57g) (Marghinan), AH (60)2, A-3424, Kochnev-1137, Zeno-46837, kalima in quadrilobe flower pattern with Allah in center // citing al-khaqan al-`adl husam al-dunya wa al-din qutlugh toghan / khaqan in field, Fine to VF, RR, ex Ralph A Cannito Collection. Marghinan is located in the Ferghana region of Uzbekistan and is called Margilan today. Another example, without clear mint & date, sold in our Auction 20, Lot 605.

Estimate: 120-160 USD