Watch List notes:

Tokens, Middlesex, P. Ratley, halfpenny, 1795, connoisseur examining picture held by yawning assistant, DUKES COURT ST MARTINS, rev. sea shells by rock, ship at sea (DH.465), with a minor rim knock, otherwise good extremely fine, a bronzed proof with pleasing toning, rare, about 72 struck
*ex Baldwin'sVault
(150-200)