German States
Württemberg. Wilhelm II Proof 5 Mark 1901-F PR66 Cameo NGC, Stuttgart mint, KM632, Jaeger-176. A very scarce offering in such a superb state of preservation, bright-white in the centers with hints of russet developing along the peripheries. The fields are remarkably free of distracting marks and the engraving bears a velvety frost.
Estimate: 3300-4000 USD