Watch List notes:

BADEN: Friedrich I, 1856-1907, AR 5 mark, 1902-G, KM-273, J-31, 50th Anniversary of the Reign of Duke Friedrich I, a fantastic quality example for this type! NGC graded MS66. Frederick became the heir-presumptive to the grand duchy upon the death of his father in 1852 and the accession of his brother as Grand Duke Louis II. Due to his brother's mental ill-health, he was regent ad interim of Baden from 1852–1855, and took the title of grand duke in 1856.

Estimate: 150-250 USD