Watch List notes:

ITALY, Milano (Duchi). Ludovico Sforza. 1494-1499. AR Testone (28mm, 9.48 g, 2h). Armored bust right / Coat-of-arms; above, crown containing palm frond and olive branch; branding irons with buckets to left and right. Cf. CNI V 19 and pl. X, 10 (same obv. die); Morosini 5; cf. Crippa 6 (for type). VF, toned, light scratches under tone.