Italy
Selections from the Eric P. Newman Collection of World Coins. Papal States. Clemente XI 1/2 gold Scudo d'oro Year 9 (1709), Rome mint, Fr-200, Berman-2368, MS64 NGC. A surprisingly rare type; it would seem that only one other example has sold publicly in the past decade, with the present example the better of the two. That coin (Jean Elsen & ses Fils S.A., Auction 95, 15 March 2008, lot 1051) hammered at 850 euros in 2008; this coin is sure to surpass that.
Estimate: 1000-1500 USD