Slight delamination of the sheet surface on the reverse, otherwise beautiful state of preservation; negligible traces of circulation, only uneven tarnish.
A rare variety with a broad chain of the Order of the Golden Fleece and a titulature ending in PR.
The Golden Fleece chain is quite different from the typical one on these orts, it looks as if the punches used for the Golden Fleece chains on the reverses of thalers were used for it (see additional photo for comparison).