Bull facing left, crude Nagari SRI MAHIPA / Horseman right. 14mm, 3.17 grams. Mintless type, uncertain region. Tye 39.
Very nice quality for this crude issue.
It is not known who this King "Mahipala" was or even where his Kingdom was, since no ruler with this name is known from the relevant period (12th-13th century). Mitchiner cautiously places it somewhere in Central India, noting that the flans are different from the contemporary north Indian jitals, but the exact identification of this Mahipala is impossible at the moment.