Watch List notes:

BL-40A2, Wood 23 - Issue 1, Die state A, this token represents one of the rare example of the very first die state of the first issue of BL-40. Prior to cataloguing the varieties in 1989, this die state was unknown and only suspected to exist. No die cup in the shape of a triangle is present behind the head on the obverse. Very few specimens are currently known. The last issue sold publicly was the Partrick example, which fetched $1360, including the premium. The currently offered specimen has the same rotation as the one from Partrick, it is lightly scratched and weighs 4.66g.