Watch List notes:

FRANCE, First Empire. Napoléon I. 1804-1814. Æ Medal (41mm, 38.47 g, 12h). Encampment at Boulogne and the Planned Invasion of England. By Droz. Denon, director. Dated L'an 12 and 1804. NAPOLEON EMPEREUR, laureate head right / EN L'AN XII 20000 BARQUES SONT CONSTRUITES, Hercules subduing the English lion; in exergue, DENON DIREXIT/ 1804. Bramsen 320. Brown surfaces, some die rust. EF.

From the J. Eric Engstrom Collection. Ex Stacks Bowers Ponterio (12 October 2021), lot 70575.