Watch List notes:

Low Countries, Vlaanderen (Flanders). Lodewijk II van Male (1346-1384) AV Gouden rijder (franc à cheval). Gand (Ghent) mint, struck 1346-1384. LVDOVIC ⦂ DЄI GRΛ ⦂ COᙏЄS ⦂ F DꞂS FLΛDR I Є, armoured knight on caparisoned horse to left, holding reins and raised sword / ✠ XPC ⁑ VIИCIT ⁑ XPC ⁑ RЄGИΛT ⁑ XPC ⁑ IИPЄRΛT, cross fleurée and feuillue, pellet within quadrilobed at centre; all within quadrilobed, each arc ending in palmette, trefoils in spandrels. Grierson, Coins of Medieval Europe, p. 159; Vanhoudt G2602; Delmonte, Or 458; Friedberg 156. 3.74g, 30mm, 12h.

Good Extremely Fine; previously PCGS graded AU53.

Ex Heritage World Coin Auctions, Long Beach Signature Sale 3042, 17 September 2015, lot 29345;
Ex Stack's Bowers Galleries (& Ponterio), Sale 164, 6 January 2012, lot 464.