Watch List notes:

Great Britain / Germany, Elizabeth II, Visit to the Federal Republic of West Germany, 1965, gold medallic 5 ducats, crowned bust r., rev. cross of the national flowers, value in centre, V DUKATEN, legend around, AMOR POPULI PRAESIDIUM REGINAE, 25mm., 17.35gms., .980 fine, certified and graded by NGC as Proof 63 Ultra Cameo
The Official State Visit took place May 18–28, 1965. The Queen visited Bonn, West Berlin, Munich and Hamburg.

Estimate: 700 - 800 GBP