Very fine+, Very rare.

The mint-name 'Dehra Raja' is most plausibly identified with present Dehradun, which was an important pilgrimage centre for the Udasi branch of the Sikhs. It became a part of Rohilla territories belonging to Najeeb Khan after the battle of Panipat in 1761. After Najeeb Khan's death in 1770, the area was run over by a number of Rajput and Sikh warlords, until in early 1800s, King Girvan Yuddha of Nepal occupied the valley. The AH/RY combination on this coin suggests it was struck around 1796, when copper trade with Tibet through the Himalayan foothills of Nepal and Kumaon became a lucrative commercial proposition. It is likely that the flag symbol identifies the issue with the 'Jhanda (flag) Festival' held at Dehra in honour of the Udasi Guru, Ram Das.