Watch List notes:

Elizabeth I, the defection of Henri IV of France, copper jeton of Dutch manufacture, 1598, shields of England France and United Provinces, DEO DVCE COMTE CONCORDIA, rev. three arms holding swords, from central tablet reading 3333 (in error for Jehovah), MVTA DEFNSIO TVTISS, 26.5mm. (MI.173/170, "very rare", illustrated; Dugn. 3452), very fine and very rare
Modelled on the counter for the Alliance of England, France, and the United Provinces, 1596. Henri IV concluded a Peace Treaty with Spain that went against the agreement of the Allies in the 1596 Alliance that no one country should do this without the consent of the others.

Estimate: 80 - 120 GBP