Watch List notes:

GERMANY, Ulm (Königliche Münzstätte). Friedrich II. 1215-1250. AR Bracteate (21mm, 0.39 g). Crowned winged bust right with head facing, raising hand in benediction; all within border of alternating crosses and squares / Incuse of obverse. Bonhoff 1866; Löbbecke 1009. Near EF, deeply toned.