Watch List notes:

MUGHAL: Muhammad Shah, 1719-1748, AV nazarana mohur (10.79g), Shahjahanabad (Delhi), AH1142 year 11, KM-B440, Zeno-171005 (this piece), 26.3mm, gorgeous example, with full outer margins on both sides, superb AU, RRRR, ex Charles W. Lueders Collection. There are no other examples cited on Zeno or CoinArchives.

Estimate: 4,000-5,000 USD