Watch List notes:

LOW COUNTRIES, Vlaanderen (Flanders). Lodewijk II van Male. 1346-1384. AV Gouden schild – Nouvel écu au lion (30mm, 4.42 g, 9h). Gand (Ghent) mint or Mechelen (Malines) mint. Struck 1348-1357. Lodewijk seated facing on Gothic throne, holding sword and resting hand on coat-of-arms; all within tressure of eight arcs, trefoils in spandrels / Ornate cross fleurée in ornate quadrilobe; rosettes in span. Elsen 38; Delmonte, Or 466; De Mey, Flanders 205; Friedberg 163. Good VF.

From the Peter J. Merani Collection. Ex CNG Inventory 735284 (May 2003).