A very rare, first vintage half-penny of Sigismund II Augustus.
The coin comes from the famous collection of Emeryk Hutten-Czapski - with his punch by the horse's head.
Circulating piece. Slightly bent, with a single crack. Nice legibility.
A variation with the King's titulature on the page with the Pogo.
In the reverse legend an error in the word LITVA (it isLTIVA).
Variant with punctuation in the form of asterisks and wedges.