Watch List notes:

Carolingians. Charlemagne (Charles the Great). As Charles I, King of the Franks, A.D. 768-814. AR denier (20.39 mm, 1.63 g, 2 h). Class 3. Tolusa (Toulouse) mint, struck circa A.D. 793/4-812. + CARLV(retrograde S) RE+ FR, cross pattée / + TOLV(horizontal S)A, Carolus monogram. Coupland, Charlemagne 7b; Depeyrot 993; M&G 181; MEC 1, –. EF. Very Rare. 

Ex Aureo & Calico.