Watch List notes:

HOTAKI: Mahmud Shah, 1722-1724, AR rupi (11.34g), Qandahar, AH1135, A-2714, excellent strike, with virtually no weakness, normally undated, rare with legible date, choice VF, R. Struck to the Mughal standard of India, later adopted by Nadir Shah and his successors in Iran.

Estimate: 140-180 USD