M · D :
G · E · O : C · E · REVE · 67 (Translation: Magnus Dei Gratia Episcopus Osiliensis Couroniae et Revaliensis Magnus, with God`s grace, Bishop of Ösel, Courland, and Reval)
Reverse description
Eagle surrounded by legend.
Reverse script
Latin
Reverse lettering
MO ·
NOVA · ARENSB · (Translation: Moneta Nova Arensburg New coin of Arensburg)