Watch List notes:

SIKH EMPIRE: AE falus (paisa) (11.27g), Peshawar, AH1233, SCP-3, in the name of the Durrani Mahmud, standard Durrani style, bold mint & date, VF, RR. The Sikh forces ceased the city of Peshawar in AH1233 (1818), though they already had influence there for at least two or three years.

Estimate: 100-150 USD