275, Lot: 336. Estimate $200. Sold for $280. This amount does not include the buyer’s fee.

GERMANY, Saalfeld. Friedrich I. 1152-1190. AR Bracteate (36mm, 0.95 g). Emperor enthroned facing, holding lis and double orb; pellets and annulets around. Löbbecke 738; Kestner 2058. VF, toned, lightly wavy.

Property of Princeton Economics acquired by Martin Armstrong. Ex European Private Collection (Sotheby’s, 9 October 1995), lot 481.