German States
Hesse-Darmstadt. Ernst Ludwig gold Proof 20 Mark 1905-A, KM374, Proof 65 Ultra Cameo NGC. Mintage: 200. A rare Proof in stunning condition with seemingly endless reflectivity in the fields and starkly contrasted devices. Very choice for the grade with a small fleck of foreign matter worth noting just to the left of Ernst Ludwig's forehead. Krause catalog price(s) for this item: $420 in VF, $600 in EF, $1200 in UNC, $1400 in BU.
Estimate: 6000-8000 USD