Watch List notes:

GERMANY, Pfalz (Electorate and county palatine). Ludwig IV. 1436-1449. AV Goldgulden (22mm, 3.27 g, 10h). Bacharach mint. Dated 1438 (in Roman numerals). Coat-of-arms over long cross pattée / Three coats-of-arms in trefoil arrangement; pellet-in-annulet at center. Levinson I-51; Frey 50; Felke 1252; Friedberg 1977. Lightly toned, a few scratces. VF.

From the W. R. K. Great Lakes Collection of Early Dated Coins. Ex Rye Collection (Classical Numismatic Group 87, 18 May 2011), lot 1376.