Obverse:

Double crescent emblem on vertical wreath.

Reverse:

Horse right, large oval head with pellet for eye, reversed S below head, corn-ear mane, [two pellets below tail, pelleted sun above]. Pellet triad, horizontal pellet line and [AT]Ð monogram below.

Very fine and darkly toned. A variety of COI 86c, with just two pellets.