Watch List notes:

GERMANY, Hamburg (Freie und Hansestadt). AR Halb Bankportugalöser (40mm, 17.39 g, 12h). Commemorating the New Banking System. Dated 1770 (in Roman numerals). Draped writing table surmounted by open account book and inkstand; immediately to right, testing table surmounted by scale and tools; date in exergue / Weighing table surmounted by scale containing silver ingot and weights; additional weights on table; on ground at either side, additional ingots. Cf. Gaedechens 1931 (for type). In NGC encapsulation graded AU 55. Toned.