Watch List notes:

RUSSIA, Inner Principality of Kiev. temp. Vladimiras Olgerdovich (Vladimiras Algirdas). Grand Prince, 1362-1394. AR Denga (Denaras) (13mm, 0.44 g, 8h). Imitating a Golden Horde Dang. Uncertain Kiev region mint. Pseudo-Arabic legend, possibly imitating title al-sultan al-a'adil, with ornament / Pseudo-Arabic legend. Cf. Ivanauskas 9J1-1 (for type); I&D –; cf. Spassky fig. 59, 18 (for rev.); cf. Zeno 140295 (for type); CNG E-368, lot 651. Toned. VF. Obverse inscription reversed. Rare variety.