427, Lot: 540. Estimate $150. Sold for $120. This amount does not include the buyer’s fee.

NETHERLANDS. Trade coinage. AV Ducat (20.5mm, 3.48 g, 12h). Utrecht mint; muntmeestertekens: sea horse and winged caduceus. Dated 1923. Knight standing right, holding sword and bundle of arrows / Legend in four lines within ornate tablet. Schulman 779; KM 83.1; Friedberg 352. EF, some scratches.