Watch List notes:

CRUSADER IMITATIONS OF ARABIC COINS. EARLIEST IMITATIVE GOLD. Imitation of a Fatimid dinar of the caliph al-Mustansir billâh, 427-486 H.,/1036-1094 AD, type Nicol W1 dating to 441-475 H., struck with an obverse die with legible ordinary legends, however the place of the mint name is taken in by at least two illegible words, followed by the garbled date sanat tis' 'ash'mi'a for an obviously impossible 419, which may perhaps point to an actual production date 519 H., while the reverse die is a copy of a regular dinar of the prototype and consequently without any peculiarities of orthography and style. Apparently unpublished, 4.00 g, specific gravity 17.3 thus clearly below the fineness of the prototype and similar to the better Saljuq dinars, like the contemporary dinars of Naysâbûr.
Very fine

Ex Baldwin's Arabian Coin Auction 6 August 2014 lot 361. The coin was thought to be a specimen of Balog/Yvon no. 1, which was considered by Balog, Yvon and also Bates (Setton's History of the Crusades VI p. 481 no. 45) as an extremely early crusader imitation in accordance with its very early prototype. However this is not the case and BY 1 has to be dated considerably later after the beginning of Saladin's reign, because it reproduces faithfully the Ayyubid legend 'âl - al-Malik - ghâya - an-nâsir, which our coin does not show. Because of this legend BY 1 may be considered to have been an imitation produced in the kingdom of Cilician Armenia (cf. Ilisch in Saladin und die Kreuzfahrer 2005, S. 453 Nr. D.42), which may also be considered for the present coin.