Watch List notes:

GERMANY, Köln (Kurfürstentum). Friedrich III von Saarwerden. 1371-1414. AV Goldgulden (22mm, 3.45 g, 11h). Bonn mint. Struck 1407. St. Peter enthroned slightly right, holding cross and key / Coat-of-arms over trilobe with crossed keys and two coats-of-arms on petals. Noss 250; Friedberg 790a. VF, slightly wavy.

From the collection of Dr. Lawrence A. Adams. Ex Stack's (23 April 1977), lot 1521.