Watch List notes:

HAMBURG: Freie und Reichsstädte, AR ½ thaler (13.92g), 16ZZ, KM-164, tiny edge crack, Fine. In 1241, the Free State of Hamburg allied with Lubeck to form the first partnership of the Hanseatic League. The Count of Schauenburg leased the mint right to the city in 1293. The Hamburg Mint then struck coins for the State until it joined the German Empire in 1871.

Estimate: 150- 190 USD