Watch List notes:

CROATIA, Fascist state. Ante Pavelić. 1941-1945. Pattern AV 50 Banica (19mm, 5.33 g, 6h). Zagreb mint. Dated 1941. Cottage; coat-of-arms to lower left / Denomination in two lines; hanging fruits above. Friedberg –; KM Pn16; KM (X) –. EF, lustrous, some scattered marks. Extremely rare.


From the collection of Dr. Lawrence A. Adams. Ex A. Hess 260 (28 January 1991), lot 1910.