Watch List notes:

Birmingham, Thomas Welch Penny, 1799, mounted yeoman riding left with sabre raised,
WARWICKSHIRE YEOMANRY, etc, rev. PROMISSORY PENNY TOKEN ISSUED BY THOMAS
WELCH SECOND TROOP 1799, edge ARMED TO PRESERVE OUR LIVES PROPERTY AND
CONSTITUTION AGAINST FOREIGN AND DOMESTIC ENEMIES, 34.5mm/27.49gm. (DH 27a). good
Extremely Fine, bronzed with even dark patination, very rare.