Obverse:

HENRIC 8 D G AGL FRA Z HIB REX. St Michael slaying dragon. Annulet by head.

Reverse:

PER CRVCE TVA SAKVA NOS EPX REDE. Ship sailing r. quartered shield of arms at deck, h and rose at mast and no annulet on ship's side.

About very fine, evidence of creasing, once cleaned otherwise a pleasing example of this scarce issue.