Watch List notes:

(g) Germany, Hessen, Ludwig III (1848-1877), 5-Mark, 1877 H, bare head right, rev. crowned Imperial eagle, plain edge, 1.98g, 12h (Friedberg 3792; KM 357), wiped, yet with a rich golden-orange tone, very fine, one year of issue type and thus scarce.

Estimate: £500 - £600