Watch List notes:

LIVONIA: Sigismund III Vasa, 1587-1629, AR schilling, Riga, 1620, KM-5, variety with last three digits of the date in the legend, a lovely example! PCGS graded MS63. The City of Riga surrendered to Swedish forces on 26 Sep 1621. Swedish occupation of the western part of Duchy of Livonia was completed by 1625.The Polish-Lithuanian Commonwealth provisionally ceded the western part of the Duchy of Livonia (Livonia [proper] and southern part of modern Estonia) to Sweden on 26 Sep 1629 which was extended on 12 Sep 1635 and confirmed on 3 May 1660. Poland-Lithuania retained the eastern part of the Duchy of Livonia (Lettgallia), thereafter informally called Polish Livonia.

Estimate: 40-60 USD