Watch List notes:

CRUSADERS. Knights of Rhodes (Knights Hospitallers). Fabrizio del Carretto, 1513-1521. Ducat (Gold, 21 mm, 3.54 g, 4 h), imitating the Venetian Ducat, mint of Rhodes. •F•FABRICII•D•CR - S•IOANNI / MF The Grand Master of the order kneeling left before St. John, jointly holding banner between themselves. Rev. •SIT•T •XPЄ•DΛT•OTV - •RЄGIS •ISTЄ•DVCAT Christ Pantokrator standing facing in mandorla with nine stars. Friedberg 11. Gamberini 386 var. Schlumberger pl. XI, 14 var (legends). Sharp and clear. Very rare and desirable ducat, with a very unusual for the type reverse legend. Good extremely fine.
From a European collection, assembled in 1990s.