Watch List notes:

GERMANY, Sachsen-Ernestine line (duchy). Johann Friedrich II, with Johann Wilhelm and Johann Friedrich III. 1554-1566. AR Taler (40mm, 28.09 g, 1h). Saalfeld mint. Struck 1554-1557. Armored half-length bust of Johann Friedrich II right, holding scepter; four coats-of-arms around / Armored half-length busts facing one another of Johann Wilhelm and Johann Friedrich III, the former holding scepter; four coats-of-arms around. Koppe 265d; Davenport 9745. Toned, deposits, a few light brush marks. Good VF.