Watch List notes:

GERMANY, Ravensburg (königliche Münzstätte). Friedrich II. 1215-1250. AR Bracteate (21mm, 0.34 g). Struck 1240-1250. Crowned facing bust over city wall with two towers; border of alternated squares and crosses / Incuse of obverse. Klein & Ulmer 202; Kestner 2536; Löbbecke –; Bonhoff 1845. EF, toned, chipped.