Watch List notes:

Prussia (German States), lead klippe 5 mark reverse trial, 1888, by Otto Schulz, NGC MS 64.Schaaf-5M/G4 (var); cf KM-512, 513.A large, clipped square of lead showing on one side the perfectly struck reverse of a German 5 mark of 1888, with much luster and metal flow-lines but no wear or marks. Curiously, it is unknown whose reign this piece pertains to, as 1888 was known as the "Year of Three Emperors" in which Wilhelm I, Friedrich III and Wilhelm II all held the title of Emperor successively.
($1000-1500)