Watch List notes:

LOMBARDS, Lombardy & Tuscany. Liutprand. 712-744. AV Tremissis (23mm, 1.27 g, 1h). D N LIV PRDN (RX), diademed, draped, and cuirassed bust right; to right, T above triple pellets / SCS M HΛHIL, St. Michael standing left, holding long cross and shield. Bernareggi 116 var. (legends; four pellets); Bernareggi, Moneta, 8; Arslan –; cf. BMC Vandals 3; MEC 1, 322 var. (legends; obv. letter); cf. Elsen 111, lot 527. Choice EF, fully lustrous. Extremely rare variety of a rare control.