Watch List notes:

Great Britain, Richard II (1377-1399) AV Mule Noble. Calais mint. Mule types IIIa/IIIc. RICARD ⁑ DI ⁑ GRA ⁑ REX x AnGL x Z x FRAnC ⁑ DnS x hIB x Z AQ x T, king standing facing within ship, holding sword and quartered shield, flag at stern, quatrefoil above sail, within beaded border / + IҺ'C ⁑ ΛVTЄm ⁑ TRΛnSIЄnS ⁑ PЄR ⁑ mЄDIV' ⁑ ILLORV' ⁑ IBΛT, ornamental cross with lis terminals and R within centre, crowns over lions over trefoils in quarters, within beaded and linear tressure, trefoils in spandrels. Cf. Schneider 168 (London die with flag added) and 154 (London); N. 1306/1307; SCBC 1662 var.; Webb Ware IIIa/IIc. 7.67g, 34mm, 9h.

Good Very Fine; struck from rusty obv. die, light crease. An extremely rare mule.

Privately purchased from A. H. Baldwin & Sons Ltd (£7,500), with original dealer's ticket;
Ex Spink & Son Ltd, Auction 12025, 27 June 2012, lot 432 (hammer: £2,900).