Watch List notes:

GERMANY, Baden. Ludwig, 1818-1830. 2 Gulden 1825 (Silver, 38 mm, 25.26 g, 12 h). LUDWIG GROSHERZOG VON BADEN Head of Ludwig to right. Rev. Crowned arms between value 2-G and laurel branches, 1825 below. AKS 54. J. 32. Kahnt 20. Very fine.