Watch List notes:

GERMANY. Köln (Königliche und kaiserliche Münzstätte). Otto I - Otto III, 936-1002. Denar (Silver, 18 mm, 1.20 g, 9 h). + OTTO + REX Cross with pellet in each angle. Rev. S / COLONI/A in three lines. Hävernick  34. Polished. Fine / good very fine.
From the Trausnitz Collection, ex G. Hirsch 260, 12 February 2009, 3032 (part of).