Very fine, Extremely rare.

Kishtwar is by far the one of the rarest mints, not just for the coins of Jahangir, but for the entire Mughal coinage. So far, only one specimen has been recorded, in an article published by Nicholas Rhodes in ONS-170 in 2002. Kishtwar was a small Hindu kingdom to the South of the Kashmir valley, mostly semi-independent throughout its 400 years' existence. It served as a refuge for the last dynasty of the Sultans of Kashmir after the Sultanate succumbed to a Mughal invasion under Akbar (1586). Early in Jahangir's reign, Bhup Singh the king of Kishtwar successfully repelled a Mughal army (1606). The kingdom was finally conquered by the Mughals in 1619, when Gaur Singh the successor of Bhup Singh, was captured and his capital plundred.
The date on this coin, however, is intriguing, as it corresponds to August 1615 – a period in which Kishtwar was not a subject to, nor invaded by the Mughals. Bhup Singh, the only ruler to have ruled without any Mughal interference, ruled over it till 1618. Nick Rhodes suggests that the coins were prepared in anticipation of an invasion which could not happen because of an outbreak of plague. Curiously enough, no coins of Kashmir mint struck in the same year are known but the similarity of the Kishtwar coin with issues of Kashmir mint is very evident.