S3321 3rd hammered issue with inner circle and mark of value. Typical faint detail on the king’s hair but the flan lacks the usual cracks and potmarks and even shows a faint  trace of lustre under the even grey tone..  This issue is always found with the portrait very worn, so much so that collectors took to “enhancing” the king’s features. “Tooled” example are nearly as common as those left original. This example has none of those problems and possesses notably sharp reverse. AVF/VF+