Watch List notes:

HAMBURG: Freie und Reichsstädte, AR thaler (28.47g), 163Z, KM-123 var., Dav-5365 var., Gaed. 455 var., gate / double-headed eagle, reverse legend ends :S:AU:, mark of outstretched arm holding ingot hook, tiny obverse rim bump, very pleasing, well-centered piece with peripheral tone, VF to EF.

Estimate: 570- 650 USD