German States
Hesse Darmstadt. Ludwig III Proof Gulden 1848 PR64 PCGS, Darmstadt mint, KM327, J-48. Brilliantly lustrous, with a light frosting to the devices and an attractive, steel-gray toning. An exceptionally rare piece as a proof striking.Ex. Ernst Otto Horn Collection (Künker 6/2015), lot 946.
Estimate: 1500-2000 USD