Watch List notes:

ARMENIA, Cilician Armenia. Royal. Gosdantin I, 1298-1299. Tram (Silver, 22 mm, 2.83 g, 11 h), Sis. +ԿՈՍՏԱՆԴԻԱՆՈՍ ԹԱԳՈՐ ՀԱՅ ('Gosdantin King of the Armenians' in Armenian) Gosdantin, bearded and crowned, on horseback to right, his head facing, holding the reins with his left hand and a sword in his right; below, two pellets. Rev. +ԿԱՐՈՂՈԻԹԲՆ ԱՅ Ե ԹԱԳՈՐ ('by the will of God he is King' in Armenian) Gosdantin, bearded and crowned, standing facing in a long elaborate tunic, holding sword in his right hand and short Latin cross in his left; to lower left and right, pellet. AC 416. CCA 1724. Very rare. Struck on a somewhat short flan and with light doubling as usual, otherwise, nearly extremely fine.