Watch List notes:

ARMENIA, Cilician Armenia. Royal. Levon I, 1198-1219. Tram (Silver, 23 mm, 2.89 g, 11 h). Levon seated facing on throne decorated with lions, holding cross and lis. Rev. Two lions flanking cross. CCA 266. Scarce. Attractively toned, clear and well struck. Nearly very fine.