Watch List notes:

GERMANY. Hohenzollern (Prussia). Gulden, 1852-A. PCGS MS-64+ Gold Shield.
KM-5; J-23. A very attractive, prooflike issue with reflective fields and frosty devices.

Hohenzollern is a principality wedged between Baden and Wurttemberg whose rulers abdicated in favor of the king of Prussia in 1848. This is the largest of the denominations issued by the king for his new state.

Estimate: $100 - $200