Watch List notes:

German States, Baden (Grand Duchy). Leopold I AV Ducat. 1841. LEOPOLD GROSHERZOG VON BADEN, bare head to right / EIN DUCAT AUS RHEINGOLD ZU 22 K. 6 G., crowned arms within laurel wreath; date between stars below. KM 208; Friedberg 152. 3.69g, 20mm, 12h.

Mint State. Only 2,145 minted.

From the collection of GK;
Ex Dr. Busso Peus Nachfolger, Auction 426, 16 June 2020, lot 737.