Watch List notes:

SAXE-ERNESTINE LINE: Johann Friedrich I, Elector, 1532-1547, AR thaler, Annaberg, 1535, Dav-9721, Schnee-72; Schulten-3060, Sachsen-Kurfürstentum issue citing Georg der Bärtige, Duke of Saxony, IOHAN FRI • ELE C • DVX • SAX • F • F •, bare-headed and mantled bust of Johann Friedrich I right, holding sword in right hand upright against right shoulder; around, elements of the coat-of-arms of Sachsen-Kurfürstentum around // GEOR • DVX • S AX • FI • F • A • J535, bare-headed and mantled bust of Georg left, wearing the Order of the Golden Fleece, this is the finest known for this issue, NGC graded MS61, ex Westfälische Auktionsgesellschaft Sale 43 (24 September 2007), Lot 1117, ex Classical Numismatic Group Triton XII (6 January 2009), Lot 962, realized $2400. Johann Frederick I, also called Johann the Magnanimous, or St. Johann the Steadfast (by Lutherans), was Elector of Saxony and Head of the Protestant Confederation of Germany (the Schmalkaldic League). He was known as the "Champion of the Reformation". His cousin Georg "der Bärtige" (the Bearded), a Duke of Saxony and Margrave of Meissen, was a stanch opponent of Martin Luther's Reformation for which he awarded the Order of the Golden Fleece.

Estimate: 1,700-1,900 USD