Watch List notes:

I REPUBLIC. Fedative Agreement. Confidence Coin with a value of 5 Salaries. (Ae. 27.79g/40mm). 1792. Birmingham. Engraver: Dupre F. The scene on the obverse is loaded with symbolism: Federal Guards offer a revolutionary salute to a female figure representing Ella sitting next to an obelisk and holding a board with the words "CONSTITUTION DES FRANÇAIS". In front of her is an empty pedestal with a relief of the head of Louis XVI and behind her is a shield bearing the three Fleurs de Lis of the French royal coat of arms. Underneath are two crushed documents symbolizing the withdrawal of privileges from the church and the nobility, on the edge legend: RHONE ET LOIRE DE GARD & DEPARTEMENS DE PARIS. (Maz.145). Good Very Fine.