Watch List notes:

Low Countries, Vlaanderen (Flanders). Lodewijk II van Male (1346-84) AV Gouden rijder (franc à cheval). Gand (Ghent) mint, struck 1361-1364. LVDOVIC' ◦ DЄI GRA ⦂ COᙏЄS ⦂ Ƶ DꞂS ⦂ FLΛDRIЄ, armoured knight on caparisoned horse to left, holding reins and raised sword / ✠ XPC ⁑ VIИCIT ⁑ XPC ⁑ RЄGИAT ⁑ XPC ⁑ IMPЄRAT, cross fleurée and feuillue, pellet within quadrilobe at centre; all within quadrilobe, each arc ending in palmette, trefoils in spandrels. Grierson, Coins of Medieval Europe, p. 159; Vanhoudt G2602; Delmonte, Or 458; Friedberg 156. 3.86g, 29mm, 3h.

Near Mint State; previously NGC graded MS63.

From the Long Valley River Collection;
Ex Classical Numismatic Group, Auction 63, 21 May 2003, lot 1889.