Watch List notes:

CAROLINGIANS. Charlemagne (Charles the Great). As Charles I, King of the Franks, 768-814. AR Denier (18mm, 1.05 g, 3h). Class 2. Mediolanum (Milan) mint. Struck circa 771-793/4. CARO/LVS in two lines / Large (Rx) F; MED monogram to left; horizontal bar above, triple pellets below; pellet in R. Coupland, Charlemagne, fig. 7a, 8; Depeyrot 662D; M&G 226; MEC 1, 733. Lightly toned, small edge chip. EF. Very rare.

Ex Triton XI (8 January 2008), lot 1313.