CNG 90, Lot: 2193. Estimate $1000. Sold for $1100. This amount does not include the buyer’s fee.

GERMANY, Mühlhausen (kaiserliche Münzstätte). Philip von Schwaben. 1198-1208. AR Bracteate (47mm, 0.77 g). Struck under Hermann von Thüringen, 1199-1204. Philip riding left, holding banner and shield; globus cruciger to left, pellets around. Bonhoff 1213; Löbbecke 704-5; Kestner -. Near EF, toned. Exceptional.

Property of Princeton Economics acquired by Martin Armstrong. Ex European Private Collection (Sotheby’s, 9 October 1995), lot 485.