Watch List notes:

GERMANY, SAXONY,
Johann Georg IV (1691-1694),

Klippe Thaler (Talerklippe), 26.34g, 54mm, 1693 IK, commemorating his induction into the Order of the Garter, crowned monogram within Garter, HONI SOIT QUI MAL Y PENSE, rev. capped wreath with crossed swords (Dav.7649 ; KM.642).
Mounted as a pendant, toned, very fine.