Watch List notes:

SWITZERLAND, Kanton Appenzell Ausserrhoden. Appenzell. AR 4 Franks (39mm, 29.78 g, 6h). Dated 1812. Coat-of-arms within wreath / Soldier standing facing, holding sword and resting hand on shield. HMZ, Schweiz 2-28a; Davenport 360; KM 9. Artificial toning, hairlines. Good VF. LOT SOLD AS IS, NO RETURNS.