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Malwa Sultanate, Ala ud-din Mahmud Shah I or Mahmud Khalji with title Al-Khalji (AH 839-873/1436-1439 AD), Gold Dinar,&nbsp;AH 872, Obv:&nbsp;Arabic legend:"Dinar Mahmud Shah al-Khalji", Rev: Arabic legend: "al-Mulk Lillah Ta‘ala" with Hijri year 872 in exergue, 12.72g, 21.26mm, (Unlisted Type),&nbsp;test marks, attractive, about extremely fine, Extremely Rare.&nbsp;<o:p></o:p><o:p></o:p>

Note: This important gold dinar was previously misattributed by&nbsp;Goron &amp; Goenka (G75)&nbsp;to the Gujarat Sultanate under Nasir al-Din Mahmud Shah I, owing to an unclear reading of the ruler’s name. On this specimen, however, the dynastic title&nbsp;“al-Khalji”&nbsp;is clearly visible, conclusively attributing it to&nbsp;Ala al-Din Mahmud Shah I of Malwa. G&amp;G recorded only one indistinct piece of this type, making this coin a crucial correction and a major addition to Malwa’s numismatic record.<o:p></o:p>Mahmud Khalji (Ala ud Din Mahmud Shah I), who ruled from&nbsp;1436 to 1469 CE, was one of the most powerful rulers of the Malwa Sultanate, with his capital at&nbsp;Mandu (Shadiabad). His reign marked a peak in Malwa’s political and artistic prosperity. This dinar, struck in&nbsp;AH 872, is exquisitely preserved, with complete legends and refined calligraphy.&nbsp;An unlisted and extremely rare type, this is the only clearly attributed specimen of its kind — an exceptional discovery offered publicly for the first time in our auction.<o:p></o:p><o:p></o:p>

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