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.


Ex Leu Web Auction 14, 12-13 December 2020, 2178.

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).