Watch List notes:

SWEDEN. Daler, 1716. Carl XII. NGC EF Details--Environmental Damage.
KM-354. A well detailed coin with gray-brown patina, darkened by the presence of a thin layer of encrustation. This material does not interfere with the raised elements.

This copper daler was struck in Sweden in the closing stages of the Great Northern War when Sweden was losing and the government bankrupt. This series (the SCWC lists ten types issued 1715-19) was supposed to be redeemed in silver after the peace, hence the promise of "PUBLICA FIDE" (public faith). When this didn't happen, the government official responsible for their issue was executed.

Estimate: $100.00- $150.00