Who issued the coin shown in the picture?

Yaudheyas

The correct answer is Option 2 - Yaudheyas

It is a Yaudheya coin.

Tribal republics, like the Yaudheyas of Punjab and Haryana, were also active in issuing their own coins around the first century CE. Numerous copper coins issued by the Yaudheyas have been discovered by archaeologists, which reflects their keen interest in and active engagement in economic exchange.