Watch List notes:

SAFAVID: Isma 'il I, 1501-1524, AV ashrafi (3.39g), NM, ND, A-2571, countermarked 'adl isma 'il shah on uncertain Aq Qoyunlu gold ashrafi, weak countermark but sufficiently legible, Fine, RRR. The host legend shows "al-nasr al- 'adil" at the top, uncertain name (partially legible) in the middle line, and is very clearly dated AH911 below, and thus should be an issue of the last Aq Qoyunlu ruler Zaynal, or possibly his rival Murad, or the uncertain Aq Qoyunlu ruler Abu 'l-Nasr al- 'Adil 'Uthman (known only from a gold ashrafi in the Tübingen collection).

Estimate: 260-300 USD