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Heritage World Coin Auctions > Showcase Auction 61611Auction date: 6 April 2026
Lot number: 21418

Price realized: 220 USD   (Approx. 189 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Islamic Dynasties
Durrani. Ayyub Shah Rupee AH 1237 Year 5 (1821/1822) XF Details (Environmental Damage) NGC, Peshawar mint, A-3135 (S).

At its height the Durrani Empire controlled modern Afghanistan with portions of Iran, Turkmenistan, Pakistan, and northwestern India. Active from the mid-18th to mid-19th centuries, the Durrani Empire saw clashes with the Mughals and Sikhs, eventually leading to Durrani suzerainty over the areas of Punjab, Sindh, and Kashmir. The Empire relied heavily on Ahmad Shah, leading to unrest and civil war after the founder's death before eventually falling to the Barakzai dynasty. www.HA.com/TexasAuctioneerLicenseNotice

https://coins.ha.com/itm/afghanistan/durrani-ayyub-shah-rupee-ah-1237-year-5-1821-1822-xf-details-environmental-damage-ngc-/p/61611-50001.s?type=DA-DMC-CoinArchives-WorldCoins-61611-04062026

HID02906262019

© 2026 Heritage Auctions | All Rights Reserved

Certification number: Details NGC 8569326015

Match 1:
Heritage World Coin Auctions > Showcase Auction 61644Auction date: 20 July 2026
Lot number: 21513

Price realized: 3,600 USD   (Approx. 3,156 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Islamic Dynasties
Durrani. Taimur Shah (as Sultan) gold Mohur AH 1186 Year 1 (1772/1773) MS63 PCGS, Dera mint, KM329, A-3099 (S). 11.01gm. Struck under the second Durrani Shah within his first year as ruler. Amply lustrous, with bright lemon hues and frosty fields.

Ex. Heritage Auction 3102 (November 2022, Lot 32314)

At its height the Durrani Empire controlled modern Afghanistan with portions of Iran, Turkmenistan, Pakistan, and northwestern India. Active from the mid-18th to mid-19th centuries, the Durrani Empire saw clashes with the Mughals and Sikhs, eventually leading to Durrani suzerainty over the areas of Punjab, Sindh, and Kashmir. The Empire relied heavily on Ahmad Shah, leading to unrest and civil war after the founder's death before eventually falling to the Barakzai dynasty. www.HA.com/TexasAuctioneerLicenseNotice

https://coins.ha.com/itm/islamic-dynasties/durrani-taimur-shah-as-sultan-gold-mohur-ah-1186-year-1-1772-1773-ms63-pcgs-/p/61644-41005.s?type=DA-DMC-CoinArchives-WorldCoins-61644-07202026

HID02906262019

© 2026 Heritage Auctions | All Rights Reserved

Certification number: PCGS 45850001

Match 2:
Heritage World Coin Auctions > Showcase Auction 61611Auction date: 6 April 2026
Lot number: 21406

Price realized: 750 USD   (Approx. 645 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Islamic Dynasties
Afsharid. Nadir Shah Abbasi AH 1148//1149 (1736/1737) AU Details (Cleaned) NGC, Qazwin mint, A-2749.1, Mitch-2107. Type B, Julus type. The date AH 1148 in abjad chronogram. A scarce issue not handled since 2023, with a seemingly even scarcer mint.

A short-lived empire, the Ashfarids ruled for just 60 years from 1736 to 1796. The founder, Nadir Shah, deposed the last Safavid, a young Abbas III before expanding this newly formed empire to the furthest extent Iran had seen since the Sasanians, reaching from modern Iraq to Pakistan. The empire would collapse after Nadir Shah's death, with his grandson Sharokh Shah falling to Agha Muhammad Khan, the founder of the Qajar dynasty. www.HA.com/TexasAuctioneerLicenseNotice

https://coins.ha.com/itm/iran/afsharid-nadir-shah-abbasi-ah-1148-1149-1735-1737-au-details-cleaned-ngc-/p/61611-27006.s?type=DA-DMC-CoinArchives-WorldCoins-61611-04062026

HID02906262019

© 2026 Heritage Auctions | All Rights Reserved

Certification number: Details NGC 8568484008

Match 3:
Heritage World Coin Auctions > Showcase Auction 61675Auction date: 18 September 2026
Lot number: 25106

Price realized: This lot is for sale in an upcoming auction - Bid on this lot
Lot description:


Islamic Dynasties
Hotaki Afghans. Azad Khan (AH 1163-1170 / AD 1750-1757) gold Mohur AH 1168 (1754/1755) AU55 NGC, Tabriz mint, A-2722 (R), Zeno-206971. A remnant from a rarely handled dynasty, only crossing our auction block once every few years.

The Hotaki (Ghilzay) Afghan Empire spanned regions of modern Afghanistan and Iran. Gaining momentum under Mahmud Shah Hotak, the 1721 siege of Isfahan and capture of the Safavid Shah Husayn marked a high point for the Empire. Less than two decades later, though, the Hotaki's fell to the Afsharids with the siege of Kandahar. From the Khanum Jan Collection www.HA.com/TexasAuctioneerLicenseNotice

https://coins.ha.com/itm/afghanistan/hotaki-afghans-azad-khan-ah-1163-1170-ad-1750-1757-gold-mohur-ah-1168-1754-1755-au55-ngc-/p/61675-26005.s?type=DA-DMC-CoinArchives-WorldCoins-61675-09182026

HID02906262019

© 2026 Heritage Auctions | All Rights Reserved

Certification number: NGC 8749108006

Match 4:
Stack's Bowers Galleries (& Ponterio) > Summer 2026 Global Showcase AuctionAuction date: 31 August 2026
Lot number: 42437

Price realized: This lot is for sale in an upcoming auction - Bid on this lot
Lot description:


INDIA. Mughal Empire. Rupee, AH 1034 Year 19 (1624/5). Surat Mint. In the name of Nur Jahan and Jahangir. NGC MS-64.
KM-Unlisted. "Sad Zewar" Couplet. A visually stark and EXTREMELY RARE Rupee of Nur Jahan, with brilliant luster, and dancing eye appeal. Tied with one other specimen for the finest example yet encapsulated by NGC.

Nur Jahan (AH 1033-1037 / 1623-1627 AD) was the most powerful woman of the Mughal Empire and effectively exercised imperial authority during the final years of the reign of Jahangir. Renowned for her political acumen, she influenced state administration, court appointments, diplomacy, trade, and the arts. Her greatest numismatic distinction was becoming the only Mughal empress whose name appeared on official imperial coins alongside Jahangir's, reflecting her exceptional status. At the Surat mint, however, coinage remained largely conventional, with silver rupees continuing to bear Jahangir's name and titles to ensure stability in international commerce. As the empire's principal maritime mint, Surat produced high-quality, consistent silver Rupees that were widely accepted in trade with Persia, Arabia, East Africa, and European merchants, maintaining confidence in Mughal currency until the accession of Shah Jahan in AH 1037 (1627 AD), when Nur Jahan's influence and her unique numismatic legacy came to an end.

Estimate: 4000 - 5000

Match 5:
Spink > Auction 26119Auction date: 4 March 2026
Lot number: 944

Price realized: 28,000 GBP   (Approx. 37,244 USD / 32,182 EUR)   Note: Prices do not include buyer's fees.
Lot description:


NGC AU55 | *Top Pop* | India, Princely States, Malerkotla, Ahmad Ali Khan (1908-1948), Nazarana Double Rupee, AH1326 (1908-1909), Persian inscription, rev. inscription with titular of ruler, 23.10g, 1h (KM Y10), some peripheral striking softness and light contact wear, otherwise with a light cabinet tone, an extremely fine sole year of issue type, thus of the highest rarity, the only issue of this denomination to have been struck under the reign of the penultimate nawab of Malerkotla, in NGC holder, graded AU55 [*Single Finest Certified*] (Cert. #8534357-001).
https://www.ngccoin.uk/certlookup/8534357-001/55/,

Ahmad Ali Khan (1881-1947) was the penultimate Nawab of the north-western and Muslim majority princely state of Malerkotla. He ruled from 1908 until his death on 16th October 1947, just weeks after India's independence. Following his death his son Iftikhar Ali Khan inherited the throne to the state, which was newly under the control of the Patiala and East Punjab States Union. This marked the end of nearly 500 years of Nawab power in the region. Upon independence Malerkotla became the only significant Muslim principality on the Indian side of the border with Pakistan. Today the name Malerkotla refers to one of the twenty-three districts in the state of Punjab.

The origins of the state can be traced back to 1454. According to local history the rulers of the Kingdom were Pathan Afghans distantly related to the Lodis, the last dynasty of the Delhi Sultanates prior to the establishment of the Mughal Empire. It is believed that the first Lodi Sultan, Bahlol, granted the land which was to become the kingdom upon the marriage of his daughter, Taj Murassa Begum, to the Sufi saint Haider Shaikh. This settlement was known as Maler. Kotla came into being in 1659 when a descendent of Haider Shaikh was granted permission from the Mughal ruler Aurangzeb to build a fortified city. After this the rulers of the state were granted the title Nawab. A title comparable to the western title of emperor.

Throughout the state's history and woven into its culture is a reputation for being a place of peacefulness and religious tolerance. An often cited and early example of this embedded pluralism dates to the early 1700s at the time of the tenth Sikh Guru, Guru Gobind Singh. After the death of the Guru's father, he was engaged in several conflicts against the Mughal rulers of the region. Sher Mohammed Khan, the then Nawab of Malerkotla and general in the Mughal army was an active participant in the conflict against the Sikhs. In the decisive battle of Chamkaur (1704) Khan tragically lost his brother and nephew. However, in the aftermath he chose the path of reconciliation over revenge. He opposed the alive bricking up of the Guru's two young sons, aged only nine and seven, believing it to be against the tenets of Islam. This has come to be known as the 'Haa da Narra' (cry of pain) and is often seen as establishing a communal harmony between the Sikhs and Muslims of the region.

Although this ideal of the state as a zone of peace has not always been the case, it is regarded as being true during the time of Partition. Unlike other neighbouring states, such as Patiala, Nabha and Jind, which were witness to countless acts of violence during this confused and chaotic time of mass migration, Malerkotla was a site of calm. This is often claimed to have been the result of the brave leadership of the Nawab. The state also chose to maintain an army during this time to keep control and there are accounts of soldiers assisting refugees to safety.

Throughout his reign Ali Khan had been criticised for his secular views. On occasion he was seen to favour Hindus over Muslims, behaviour which resulted in riots during the 1930s. However, after his death and success in managing the Partition, he was regarded more favourably. He son summed up this feeling by calling him an 'exemplary Indian prince'.

His reign was also notable for building projects and the improvement of state infrastructure. Such as the creation of a shopping bazaar in the image of the 'pink city' of Jaipur, as well as schools, hospitals and roads. Such expansion ultimately led to the state being landed in heavy debt. Actions which led the British to view him as a man of no great leadership ability, easily lead and financially irresponsible.

In addition to his construction endeavours, he was also the sole Nawab of Malerkotla to inscribe his full name on the coinage of the state. Previous rulers had instead followed the tradition of naming the 18th century Afghan ruler Ahmad Shah Durrani, who had originally granted the state the right to mint coins. The coinage of Ahmad Ali is therefore unique based on this metric. Gold, silver and copper coins were issued by Ahmad Ali, the highest silver denomination being this one year of issue Nazarana Double Rupee.

Estimate: £4000 - £5000