German States, Kingdom of Bavaria. Ludwig III (1913-1918) AV 20 Marks. Munich mint, 1914 D. • LUDWIG • III • KOENIG • VON • BAYERN •, bust to left; small D below / DEUTSCHES REICH, crowned imperial German eagle; date to right, * 20 MARKS * below. KM 1009; Friedberg 3772. 8.00g, 22mm, 12h.
Near Mint State. Very Rare.
From a private European collection.
This type is very rare, having never been officially released. Ludwig III succeeded his insane cousin Otto in 1913. This is the last gold twenty marks from Bavaria.