Watch List notes:

BERMUDA: George III, 1760-1820, AE penny, 1793, KM-5, incuse DROZ.F on truncation of bust right // 3-masted sailing ship, incuse number "796" engraved below bust, variety with double pennant, a bit of red color, Choice AU. The consignor speculates that the number may be a museum number.

Estimate: 220-280 USD