This coin comes from a period in India known as the Bengal Presidency. In 1765 emperor Shah Alam gave some possessions in Bengal to the British East India Company, starting the presidency. This coin comes from Shah Alam's successor, Shah Alam II.
There is a distinguishing feature of a fork, trident, or trisul on this coin. Several versions exist with minor differences. A great page with more info can be found over at our friends ChiefaCoins.
At this time catalog values for these neat coins are quite low. In CoinQuest's opinion, the values will not be low forever. The increased exposure of Indian coins over the Internet will surely push prices upward. Today, here is CoinQuest's estimate of value
worn: $4 US dollars approximate catalog value
average circulated: $15
well preserved: $30
These are catalog values and must be adjusted to get actual buy and sell values. See our Important Terminology page for further information.