GERMANY, Bayern (Kingdom). Ludwig I. 1825-1848. AR Taler (37mm, 12h). Commemorating the Founding of the Order of Ludwig. München (Munich) mint. Dated 1827. Bare head right / Order of Ludwig within wreath. AKS 732; KM 118; Davenport 560. Light golden toning. In PCGS encapsulation 45021872, graded MS 63.