Watch List notes:

DERAJAT: Pir Hasan Khan, dates unknown, AE paisa (6.22g), Derajat, ND, KM-, unpublished type, citing the local governor Pir Hasan Khan; probably undated; reverse filled with the word rayij, as found on later paise of Dera and Derajat, overstruck on Sikh paisa of either Dera or Derajat, choice VF, RRR. About the 4th known example, first sold in our Auction 40, Lot 930.

Estimate: 160-240 USD