Watch List notes:

GERMANY. Nuremberg. Undated, but c. 1810. Ducat (Gold, 21 mm, 3.42 g, 12 h), dies engraved by J. T. Stettner. BETHE - UND Incense burner. Rev. ARBEITE - GOTT WIRDS / WOHLMACHEN Bee hive and bees. Goppel 1168 (but struck in silver). Lightly toned. Perhaps once mounted, otherwise, very fine.

From the Trausnitz Collection, ex G. Hirsch 160, 23 November 1988, 1625.