Watch List notes:

I REPUBLIC. Fedarative Pact. Confidence Currency with a value of 5 Salaries. (Ae. 27.79g / 40mm). 1792. Birmingham. Engraver: Dupre F. The scene on the obverse is loaded with symbolism: Federal Guards offer a revolutionary salute to a female figure representing She sits next to an obelisk and holds a board with the words "CONSTITUTION DES FRAN\u00c7AIS". In front of it there is an empty pedestal with a relief of the head of Louis XVI and behind it there is a shield bearing the three Fleurs de Lis of the coat of arms of the French royalty. Below are two crushed documents symbolizing the withdrawal of privileges to the church and the nobility, in the caption: RHONE ET LOIRE DE GARD & DEPARTEMENS DE PARIS. (Maz.145). Good Very Fine.