Watch List notes:

MUGHAL: Muhammad Shah, 1719-1748, AR 1/5 rupee (2.26g), Arkat, DM, KM--, the entire name muhammad and part of the mint name are clear on this piece, choice EF, RR, ex K.W. Wiggins Collection. Prior to 1765, the Nawab of Arcot (Arkat) was a governor appointed by the Mughal Emperor.

Estimate: 230- 280 USD