India, EIC, Madras Presidency, mule of the obv. of the Forty-Eighth Rupee with the rev. of the Ceylon Forty-Eighth Rixdollar, 1802, in copper, arms and supporters, rev. elephant standing left, edge plain, 13.53g/6h (Stevens 5.160; Prid. 377). Light spotting, otherwise virtually as struck and very rare [with NGC slab tag MS 63 BN] £1,000-£1,500

Provenance: Spink Auction 152, 11 April 2001, lot 652