Watch List notes:

EUROPE. Federated States of Europe. Fantasy AV 5 Ducats (29mm, 12h). Hamburg mint. Dated 1957. KM (X) –. In NGC encapsulation graded MS 63 (erroneously described as European Payments Union). A fantastical interpretation of what would eventually evolve into the modern Euro coinage. Rare.

From the collection of Dr. Lawrence A. Adams, purchased from M. Louis Teller, December 2006.