Watch List notes:

FRANCE, Royal. Louis XII le Père du Peuple (the Father of His People). 1498-1515. AV Écu d'or aux porcs-épics (26mm, 1h). Bayonne mint; mm: anchor. Authorized 19 November 1507. + LV∂OVICVS : ∂EI : GRACIA : FRANCORV : REX : (anchor), crowned coat-of-arms with porcupine supporters / + XPS : VINCIT : XPS : RЄGNAT XPS : IMPERAT (anchor) :, cross achée; porcupine and L in opposite quarters. Duplessy 655; Ciani 909; Friedberg 325. In NGC encapsulation 3236528-002, graded AU 55.

From the Richard L. Horst Collection.