Obverse:

[ALEX]ANDER REX. Crude bust l. holding sceptre, pellet crown. 

Reverse:

WARTER BERWIK. Voided long cross with stars in angles.

Good fine or better and very rare.

Ex J. Sazama Collection, DNW Auction, 26 Sep 2011 - Lot 1296

Ex M.J. Anderson Collection, Spink Auction 183, 26-7 Sep 2006 - Lot 445

Ex DNW Auction, 28 Sep 2005 - Lot 1081 (part)

Reverse of the ticket notes:

"This obverse die was altered in three stages to become the only ‘pellet crown’ die (Burns fig. 89). This coin shows stage three of the process."