Watch List notes:

DURRANI: Mahmud Shah, 1809-1817, AE falus (11.62g), Peshawar, AH123x, A-3133, KM-726, struck just before Peshawar fell under Sikh influence, perhaps a Durrani alternative to the current Sikh copper paisa of the same weight, known dated AH1231-1233, VF, R.

Estimate: 100- 120 USD