Watch List notes:

ARMENIA, Kingdom of Lori (?). Circa 10th-12th centuries. Unit (Billon, 19 mm, 3.73 g). Floriate symbol in center; in inner field and outer margin, legend in Arabic. Rev. Floriate symbol in center with the word 'mulkahu' ('rule [of Allah]' in Arabic) between the leaves; in outer margin, legend in Arabic. Unique and of great interest. Some scratches and with minor deposits, otherwise, very fine.


According to A. Akopyan, this unique and enigmatic coin was either struck struck by a Kakhetian King (modern Georgia/Azerbaijan), or more likely, by a King of Lori (Tashir-Dzoraget, modern Armenia).