GERMANY. Bavaria. 5 Mark, 1906-D. PCGS PROOF-63 CAMEO.
KM-915 (formerly KM-512); J-46. Deep mirror-like qualities exist in the fields with strong frost over the central motifs that produces borderline "Deep Cameo" contrast over the surfaces. Light handling, none of great detriment to the eye, determines the grade. The key date for the type with a SCWC value of $2,000 in MS-63 and EXTREMELY RARE in this elevated proof format with no appearances that we could locate in European auctions archives or elsewhere.
Estimate: $1000.00- $2000.00