ARMENIA, Cilician Armenia. Royal. Levon I, 1198-1219. Tram (Silver, 23 mm, 2.84 g, 8 h), coronation issue, variety with single pellet on the reverse, Sis. 'Levon is the King of the Armenians' in Armenian The Virgin Mary, nimbate and orans, standing facing, receiving Levon I kneeling to left, head facing; wearing crown and raising both hands in prayer; above, ray of light descending. Rev. 'By the will of God' in Armenian Two lions rampant back-to-back, each with heads reverted; patriarchal cross and one pellet between. AC 265 var. (three pellets). CCA 92 var. (three pellets). A rare and beautifully toned variety. With areas of weakness and tiny scratches, otherwise, about extremely fine.