Watch List notes:

ARMENIA, Cilician Armenia. Royal. Levon V, 1374-1393. Denier (Billon, 15 mm, 0.60 g, 6 h). ✠ 'King of Armenians' (in Armenian) Crowned bust of Levon V facing . Rev. ✠ 'King of Armenians' (in Armenian) Cross pattée with two pellets in angles. AC 503 var. (four pellets). CCA 2237 var. (no pellets). Leu Web Auction 7 (2019), 1728. Rare. Some areas of weakness and with light deposits, otherwise, very fine.