Watch List notes:

KHWARIZMSHAH: Mangubarni, 1220-1231, AR double dirham (5.93g), Qal'a Nay, ND, A-1743, citing the caliph al-Nasir (1180-1225), superb specimen, the nicest we have seen, bold VF, RRR. Qal'a Nay was a fortress located to the west of Ghazna, active as a mint only during the short reign of Mangubarni.

Estimate: 500- 600 USD