German States
Bavaria. Ludwig II "Madonna" Taler ND (1865) MS65 PCGS, Munich mint, KM877, Dav-611, AKS-176, Thun-104. Just the second occasion we have had to present a representative of this issue so fine, with just a small cluster of MS66's presently ranking higher. Highly satin, the peripheries abound with russet color, creating a special framing device to the central motifs.
Ex. Herbert Grün Auction 44 (November 2005, Lot 472) From the Cape Coral Collection of German Coins, Part I
https://coins.ha.com/itm/german-states/bavaria/german-states-bavaria-ludwig-ii-madonna-taler-nd-1865-ms65-pcgs-/a/3101-31104.s?type=DA-DMC-CoinArchives-WorldCoins-3101-08252022
HID02906262019
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Estimate: 300-400 USD