German States
Saxony. Georg Proof 5 Mark 1903-E PR66 Cameo PCGS, Muldenhutten mint, KM1258, J-130. An incredibly rare proof, with a mintage of just 50 pieces. Extremely superb and impeccable surfaces, with a brilliant radiance and lightly frosted devices. For completeness, a minor piece of lamination is noticed near the edge of the reverse around 11 o'clock.
Estimate: 3500-4500 USD