Watch List notes:

ITALY. Savoy. Teston, ND (1504-53). Bourg-en-Bresse Mint. Carlo II. NGC EF-40.
MIR-339a. Weight: 9.21 gms. Presenting a great renaissance-style portrait, this minor exhibits some signs of handling, but nevertheless remains entirely wholesome and rather well struck. RARE and alluring this pleasing and free from issue.

The enumeration for this duke can be somewhat confusing, as he was actually the third Carlo to reign over the Duchy of Savoy in name. Another Carlo ascended to the title in 1490, barely a year old at the time. As such, his reign was guided by the hand of a regent, and he died before ever achieving majority at the age of just 6. Given the nature of his "reign," he is not officially regarded as having been a full Duke of Savoy, a fact that can be seen on this very coin. The Carlo in question here, who ruled for much of the first half of the 16th century, was immediately styled "II Carolus:" Carlo II.

Estimate: $4000 - $6000