Obverse:

HENRIC DI GRA REX ANGL Z FRA. St Michael slaying dragon.

Reverse:

PER CRVCE TVA SALVA NOS XPE RED. Ship sailing r. quartered shield of arms at deck, h and rose at mast.

Split along inner circle at wing - otherwise very fine, well centred with sharp detail, small edge crimp and minor scuffs. Still an attractive example.