Watch List notes:

DELHI: Sikandar III, 1554-1555, AR rupee (11.18g), Agra, AH962, G-D1151, clear mint name in the lower segment of the obverse margin, 4 or 5 small testmarks, bold strike and very attractive, bold VF, RRR. There is only 1 example on CoinArchives, unsold in 2010, sold in 2016, and sold again in 2020; same obverse die as this piece, different reverse die (also some testmarks). From Wikipedia: "After the death of Islam Shah Suri, the Suri Empire was in a civil war where various contenders to the throne fought each other for supremacy. Sikandar Shah Suri was occupied with his struggle against Ibrahim Shah Suri when Humayun mobilized an army from Kabul. He captured Rohtas Fort and Lahore in February 1555. Another detachment of his forces captured Dipalpur and Jalandhar. Their advanced division proceeded towards Sirhind. Sikandar sent a force of 30,000 to intercept them, but they were defeated by the Mughal army in the Battle of Machhiwara, and Sirhind was occupied by the Mughals. Sikandar led an army of 80,000 and met the Mughals at Sirhind. On June 22, 1555 they met in battle. Humayun and Bairam Khan carried out a daring raid in a rainstorm like Sher Shah Suri had done at the Battle of Chausa to defeat Humayun. Sikandar was defeated by the Mughal army and was compelled to retreat to the Sivalik Hills in northern Punjab. The victorious Mughals marched to Delhi and occupied it and reestablished their empire in India."

Estimate: 3,000-4,000 USD