Romania
Carol I silver Matte Proof Pattern 5 Lei (1906) PR65 NGC, Brussels mint, KM-Pn150, Stamb-058-1.1. By A. Michaux. Struck for the 40th anniversary of the reign of Carol I. Moderate gray tone is visible on both sides, with subtlety contrasting patina around the raised surfaces and the peripheral denticles. Nearly pristine with a few light grazes that blend with the granular surfaces. Easily among the finest known.
Ex. Demarete Collection (also known as Clain-Stefanelli Collection)
Estimate: 3000-4000 USD