Watch List notes:

GERMAN STATES / BAVARIA: 1 Thaler (1827) in silver (0,833) commemorating the Founding of Order of Ludwig. Head of Ludwig facing right on obverse. Head facing right within circle at center of Iron Cross, wreath surrounds on reverse. Inside slab by NGC "MS 62 / ORDER OF LUDWIG". Cert number: 3933096-002. (KM 732).