German States
Bavaria. Luitpold aluminum Proof Pattern 2 Mark 1911-D PR63 NGC, Munich mint, Schaaf-48/M1. Marvelously watery, a light layer of frost giving the impression of cameo contrast, and very rare to be sure in this pattern format.
From the Engelen Collection of World Coinage
HID02901242017
Estimate: 400-600 USD