Watch List notes:

FRANCE, Royal. Louis XVI. 1774–1793. AR Écu aux rameaux d'olivier (46mm, 29.41 g, 7h). Bayonne mint; différents: tulips in saltire/rosette. Dated 1789 L. Bust left, hair tied in ribbon / Crowned coat-of-arms within wreath. Duplessy 1708; Ciani 2187; KM 564.9. Good VF, lightly toned, minor hairlines, adjustment marks.

Ex World-Wide Coins of California (James F. Elmen) 15 (18 May 1989), lot 74.