Watch List notes:

SIKH EMPIRE: AE falus (paisa) (7.60g), Peshawar, DM, KM-, Herrli-, Zeno-236825, chalice below canopy, Gurmukhi SaPaI ("soldier") below (unclear onthis example), mint formula in the margin // mint/date formula on the reverse, partly overstruck on undetermined host, VG, RRR. A somewhat better example sold in our Auction 43, Lot 906.

Estimate: 80-120 USD