Watch List notes:

SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt, Avesta, 1744, KM-PM74, AAH-207, BT-A25, "plate money" with five stamps in field, center stamp has 1 DALER SILF MYNT above crossed arrows, corner stamps have crowned FRS lettering with date below which translates as (FRS = FRIDERICUS I REX SVECIAE) Frederick I King of Sweden, a nice specimen with minor edge loss due to salt water, but very bold and clear stamps, ex Nicobar Wreck. From 1624, daler were issued in copper as well as silver. Because of the low value of copper, large plate money (plåtmynt) was issued. These were rectangular pieces of copper weighing, in some cases, up to several kilograms. They circulated until 1776. As silver became scarce, the silver daler rose in value relative to the copper daler, with the exchange rate between the two eventually being set at a ratio of 3 to 1. Denominations in copper money were marked K.M. or KMT, with S.M. or SMT denoting silver money. The cumbersome size and weight of plate money eventually prompted Sweden to become the first country in Europe to issue banknotes. The Nicobar was one of very few famous shipwrecks of the Danish East India Company. The Nicobar was outbound to India with a load of copper plates from Sweden that were actually a form of coins, inasmuch as each one bore a date, denomination and mintmark, along with the monogram of the king or queen. Demonetized in 1771, the copper "plate money" became more like ingots, with trade value at the current rate for pure copper. But the Nicobar never reached its destination: After stopping at False Bay to replenish supplies and offload sick crew, the ship left again on July 10, 1783, and ran aground in a storm that night. The wreck was rediscovered in 1987 by local fishermen.

Estimate: 150-250 USD