401, Lot: 617. Estimate $150. Sold for $200. This amount does not include the buyer’s fee.

GERMANY, Ulm (Königliche Münzstätte). Friedrich II. 1215-1250. AR Bracteate (20mm, 0.40 g, 12h). Crowned winged bust right with head facing, raising hand in benediction; all within border of alternating crosses and squares / Incuse of obverse. Bonhoff 1866; Löbbecke 1009. EF, toned.