Watch List notes:

SWEDEN. Erik XIV, 1560-68. 16 Ore Klippe 1566, Stockholm. 24.7 g. SM 47. The Swedish crown's coffers were soon emptied after Erik XIV had acceeded the throne in 1560. The silver coins contained gradually less silver through the 1560s and coin production was not quick enough to pay the country's expenses. Square-cut coins, called 'Klippes' reduced production time considerably and large numbers of Klippe coins with denominations 16, 8, 4 and 2 ore were produced 1562-68. Generally available in F-VF condition, these are extremely rare in Mint State. The coin on offer here leaves no questionmarks regards to the minting process: the crude surfaces and devices are testament to great haste and thanks to non-existant circulation wear all details can be observed virtually as when they were struck. In US plastic holder, graded NGC MS63, certification number 4377458-001.