Watch List notes:

GERMANY, Freiburg im Breisgau (city). Late 14th-15th centuries. AR Rappen (16mm, 0.37 g). Struck after 1387. Raven's head left / Incuse of obverse. Cf. Kestner 2436-7 (for Half Rappen). Toned. Good VF.

Ex Agora Auction 45 (24 November 2015), lot 331.