Front: Tughra (Mahmud Han bin Abdul Hamid muzaffer daima)
(translated: (Mahmud (II) Khan son of Abdul Hamid (I) is forever victorious)
with flower at the right
above Mint name بغداد ضرب في (ī.f b.r.d d.'a.d.gh.b
← ,darab fi, translated: minted in Bagdad)
(bottom, first year of rule) ١٢٢٣ (AH1223)
legend: none, a circle
Back: lines of Arabic script (titles)
(above) السلطان (n.'a.t.l.s(u).l.'a ←)
(up-center, name) خان محمود
(left, year of rule) ٢١ (AH1243 - 21)
(low-center) السلطان (n.'a.t.l.s(u).l.'a ←)
(below) سلطان (n.'a.t.l.s(u) ←)
legend: none
Note: extra script around cental design
without value, size and metal made it a piastre (40 Para)
as km52 but extra script around center design
Edge: P - plain, type: rough