Watch List notes:

Kakwayhids, Muhammad bin Dushmanzar AV Dinar. Isfahan mint, AH 423 = AD 1031. Kalima, citing the Ghaznavid ruler Abu Sa'id Mas'ud I as overlord in three lines; "Nasir" above, "din Allah" below, mint and date formula in inner margin / Continuation of kalima, citing the Abbasid caliph al-Qadir billah and Muhammad bin Dushmanzar in three lines; Qur'an IX, 33 around. Album 1590. 3.25g, 22mm, 9h.

Near Extremely Fine; excellent and well executed calligraphy, possibly a presentation issue. Rare.

From the Arethusa Collection;
Ex Professor Shir Mohammad Collection, Roma Numismatics Ltd., Auction XVIII, 29 September 2019, lot 1345.