Watch List notes:

France, Kingdom {Bourbon}, Louis XVI (1774-93), Toulouse [2], Demi-Sol à l'écu, 1789-M (Droulers 819; Duplessy 1710; Gad 349), softly struck with worn dies, otherwise full mint colour, as struck, rare thus; also, Liard à l'écu, 1789-M (Droulers 822; Duplessy 1711; Gad 348) full mint red colour, but again softly struck with aged dies, otherwise as struck, rare [2].

Estimate: £750 - £900