Watch List notes:

Recoinage by Paul (1797). 5 Kopecks 1796 EM. Edge 5. 50.17 gm. Bit 109 (R1), B 17 (S). Struck over 1796 EM Cipher 10 Kopecks with portions of the under type cipher, date and 'EM' mm visible. Rare. Very Fine. Estimated Value $1,000

Ex World Wide Coins of CA, XI, Santa Rosa, May 14, 1987, lot 650.