Better, but not quite yet. The whole is the crowned arms of the German Empire
(not to be confused with the Holy Roman Empire, which used a bi-cephalic eagle). It consists of three "layers".
a) a mono-cephalic black eagle, topped with the crown of Charlemagne with ribbon (remnant of the HRI) bearing a breast shield and the chain and order of the Iron cross, no attributes in the claws.
b) the breast shield is a crowned, mono-cephalic black eagle with a breast shield, a scepter in the left claw and a globus cruciger in the right claw (both originally Roman symbols of royal and imperial power). This is the coat of arms of Prussia.
c) The eagle in the illustration has a breast shield with FR (Friedrich the Great) monogram, but the one on the coin has the black and silver family arms of the ruling Hohenzollern
family. The lines are a heraldically correct way to indicate "colour".