Watch List notes:

German States: Saxe-Gotha-Altenburg. Taler, 1776. Dav-2725; Mersb-3280; Schnee-533; Cr-40. Ernst II Ludwig, 1772-1804. Mintmaster, Theodor Stockman. Hed right with crane below. Reverse; Crowned arms in sprays with divided date above. Beautifuuly toned in shades of olive green, yellow, russet and blue. NGC graded MS-63. WINGS. Estimate Value $1,500 - 1,800
Ex Millennia Collection, May 2008, lot 689. The 1776 Paul Collector.