Watch List notes:

SWEDEN: Ulrika Eleonora, 1718-1720, AE daler, 1719, KM-369, SM-222, Emergency issue, Hope, variety with inverted heart between S and M, mostly brown, Choice About Unc, ex Dr. John Lund Collection. Georg Heinrich von Görtz issued these emergency copper dalers to finance the Great Northern War with Russia. The emergency money was, with a circulation of some 4 million coins, not welcomed by the population and Sweden's government ultimately failed to buy the old coins from the market and to exchange them for coins of a more appropriate nominal value. In February 1719 Görtz had to pay for the general dissatisfation with his beheading in Stockholm. The government's promise to accept the worthless coins as proper payment as soon as peace arrived was not kept after the peace of Nystad in 1721. Coins were still accepted but only for half their nominal value (16 öre), and the remaining coins began to circulate as 1 öre-pieces, some of which were overstruck with the new value.

Estimate: 160-240 USD