This is a nice 1911 rupee. I detect slight wear on the crown, above and to the left of George's ear. This is a common spot to check for wear. It's slight though. Grade AU-58.
The value of 1911 rupee's - so called pig rupees - has appreciated nicely and command a substantial premium. Disregard current Krause listings, which are obsolete. An AU-58 will sell for $80+ on
ebay these days. MS-63's touch $200.
Seems like the dealer is pricing this as a MS coin, which it could very well be. I'ld be tempted at $150 but the price seems somewhat high.