Watch List notes:

WORLD COINS, ROMANIA, Principality of Transylvania. Christoph Báthori (1576-1581), Gold Ducat, 1577, Hermannstadt, MONTRANS ILCBDS, St Ladislas standing facing in full armour, holding halberd and orb, rev PATRONA VNGA1577, Madonna and child, 1.50g (Resch 8; F 284). Rarely seen with the date in the reverse legend, Madonna and child slightly double struck but an otherwise strong obverse with good legends on a full round flan, extremely fine with attractive lustre and light tone, a very rare one-year type.

Estimate: £6000-8000