Watch List notes:

WORLD COINS, ITALY, Italian States. Ferrara. Ercole I d'Este, (1471-1505). Gold Ducato, undated, 3.47 g. Armoured bust left. Rev. Christ, his right hand raised in benediction, rises from the tomb. (Bellesia 5b; CNI X, 9; Ravegnani Morosini I p.129 3; Fr 265). Slightly double struck on the reverse, with a strong portrait and traces of lustre, a very attractive coin. Very rare in such high grade. Extremely fine.

Estimate: $ 7,000