Watch List notes:

FRANCE, Royal. François I le Pére et Restaurateur des Lettres (the Father and Restorer of Letters). 1515-1547. AR Teston (28mm, 8.67 g, 10h). First period. Tours mint; mm: tower. Struck before 1540. Crowned bust right / Crowned coat-of-arms within tressure of arches. Duplessy 796; Ciani 1116. Rough and porous surfaces, traces of mount, edge split. Fine.

From the Richard L. Horst Collection.