Watch List notes:

TUDOR. Henry VIII. 1509-1547. AR Testoon (32mm, 7.68 g, 4h). Third coinage. Tower (London) mint. Struck 1544-1547. Crowned and mantled facing bust / Crowned rose; crowned h R flanking. Jacob dies O4/R7; North 1848; SCBC 2364. Toned, graffiti on obverse. Near VF. Well struck on good metal. Rare first issue.

From the Arthur M. Fitts III Collection. Ex M. Lessen (Dix Noonan Webb 168, 29 January 2020), lot 848, purchased from Corbitt & Hunter, August 1963.