The extreme high frequency peaked BL Lac 1517+656

We present optical spectroscopy data that allowed a measurement of the reds hift for the X-ray selected BL Lacertae object 1517+656. With a redshift of z = 0.702 this object has an absolute magnitude of M-B = -26.4 and is also an extremely powerful radio and X-ray source. Although being a high freque ncy peaked BL Lac, this object is one of the most luminous BL Lac objects k nown so far. Being also a candidate for grav itational lensing, this object is of high interest for the BL Lac research. Assuming several cosmological models and a realistic redshift for the lensed object, we find that 1517+6 56 has a mass > 2.10(12) M.(.) and a high velocity dispersion > 350 km sec( -1).