Watch List notes:

Rus Principalities, Tver (Grand Duchy). Mikhail Borisovich AR Denga. 1453-1505. ПУТ КNZ ВЛКГ М, dragon to right, with jaws opened wide / МХА ДЄNIГА ТВ[Ћ]РН СКАМ in four lines within circular pelleted border. H&P 2845 D. 0.53g, 14mm, 12h.

Good Very Fine; light golden cabinet tone. Scarcely found in a high grade.

From the collection of a Scientist;
Ex Katz Coins Notes & Supplies Europe s.r.o., E-Auction 26, 1 November 2019, lot 2361.