Watch List notes:

German States, Electorate of Saxony. August I AR Thaler. Dresden, 1556. AVGVSTVS D:G DVX SAXONIE SA ROMA IM, three-quarter length bust right, holding sword; two shields below / ARCHIMARS CHAL ET ELECTOR, shield of twelve-fold arms; three helmets above, date across fields. MB 181; Keilitz/Kahnt 53; Davenport 9794; Schnee 708. 28.91g, 39mm, 9h.

Very Fine.

From the inventory of a UK dealer.

This was part of the first issues of Thalers struck at the Dresden mint.