Watch List notes:

Italian States, Siena (Republic) AR Denaro. Circa 1180-1200. S(horizontal)ЄHAVЄIVS(horizontal), large retrograde S flanked by four pellets / • ALⵎA ЄI CIƆ, cross pattée. Biaggi 2534; CNI XI p. 350, 3; MIR 475; Metcalf, Sienese, 19-20. 1.69g, 19mm, 6h.

Extremely Fine.

From the N. M. McQ. Holmes Collection;
Ex Münz Zentrum Rheinland, Auction 164, 9 January 2013, lot 2240 (hammer: 155 EUR).