Watch List notes:

Frankfurt (German States), 2 gulden, 1848, Election of Archduke John of Austria as Vicar of the Empire. Dav-644; KM-338. 21.22 grams. Lustrous AU+ with light rainbow toning (somewhat speckled in center of reverse), minimal marks. Pedigreed to the Schulman mail bid auction of June 24, 1953, lot #435, with collector's envelope.
($100-$150)