Watch List notes:

FRANCE, Royal. Louis XV le Bien-Aimé (the Well-Beloved). 1715–1774. AR Écu au bandeau (40mm, 28.99 g, 6h). Grenoble mint; différents: pellets flanking dolphin/turned over crown. Dated 1765 Z. Bare head left, wearing hair tied with a headband / Crowned round coat-of-arms of France within olive sprays. Duplessy 1680; Ciani 2122; KM 512.25. Good Fine, toned, a few adjustment marks on reverse. Extremely rare. Low mintage of 2,471. Only one in CoinArchives (iNumis 24, 18 March 2014), lot 750 (hammer $981).