Watch List notes:

(g) Germany, Baden, Frederick I (1856-1907), 5-Mark, 1877 G, bare head left, rev. crowned Imperial eagle, plain edge, 1.98g, 12h (Friedberg 3759; KM 266), small scratch before the mouth, otherwise with a handsome and full mint bloom, extremely fine, one year of issue type, , with NGC certification (Cert. #6767980-003).

Estimate: £300 - £350