Watch List notes:

DURRANI: Sultan 'Ali, 1818-1819, AR rupee (10.35g), Kabul, AH1234 year one (ahad), A-3134S, this is the first confirmed specimen for Sultan 'Ali (another reference remains unconfirmed), with the king 's name and dated in the lower part of the couplet (still only partly deciphered, referring to gold like the sun and silver like the moon in the upper part of the couplet), VF-EF, RRRR. Kabul was seized by the Barakzay Dost Muhammad Khan after the death of Mahmud Shah in AH1233, but instead of striking coins in his own name, first struck posthumous coins of Mahmud later that year, then installed Sultan Ali by the end of 1233. However, Dost Muhammad was forced out of Kabul by his half brother Muhammad 'Azim at some point in 1234, and Muhammad 'Azim detained Sultan Ali and installed Ayyub Shah as the nominal king at Kabul (Sultan Ali was arrested and shortly afterwards executed). Muhammad 'Azim had already raised Ayyub Shah on the Durrani throne at Peshawar in 1233, which explains why Peshawar rupees inscribed "year one" are dated AH1233 and 1234, rupees of Kabul with "year one" dated 1234 and 1235!

Estimate: 400-500 USD