East India Company, Bengal Presidency could be 1/4 Rupee like KM# 115 (2.9 g., Silver, 16.3 mm). Obv. Inscription: "Shah Alam II Badshah" Rev: Persian-sanat (year, mint name) Edge: Plain Mint: New Calcutta Note: Mint name: Murshidabad
Or a variety of this (depends on exact weight, edge milling)
There is not much wear on the coin, looks EF to me. It is unlikely that a possible edge milling would have wordn away. I assume it was minted with a blank edge. This makes it KM 115. Nice coin! Unfortunate that it is damaged by the hole.