Obverse:

PILLELM REX. Crowned, facing bust with sceptre to right.

Reverse:

IEGLPINE ON HRF. Cross pattée with annulet P A X S in angles.

Very fine, richly toned and very rare. Same dies as SCBI 51 Estonian - number 1099.

Ex J. Jordan Collection, CNG Auction 49, 17 Mar 1999 - Lot 2230

Ex F. Elmore Jones Collection, Glendining Auction, 13 Apr 1983 - Lot 1047 (Illustrated)

(Study photos - plate 4, number 12)