Watch List notes:

Ladakh (1816-42), AR Ja'u (3), in the name of Mahmud Shah, with figure '4' on reverse (2), without figure '4' (Rhodes, Garhwal and Ladakh, 23, 24; KM. 5.3, 5.4), one holed, good fine to about very fine, scarce (3).
Ex. Nicholas Rhodes Collection
Estimate: £90 - £120