Watch List notes:

Germany, Duchy of Bavaria, Maximilian I, 'the Great' (1598-1651), gold 5-Ducat, 1640, armoured Duke as Elector to the Palatinate of the Rhine standing three-quarters right, holding orb and sword, rev. vista of Munich, Madonna and Child in clouds above, 17.31g (Friedberg 196; KM 61), once cleaned with traces of edge smoothing, otherwise almost extremely fine.

Estimate: £3000 - £4000