Saxony 1877-E 5 mark

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UBS sale 85, lot 532
Sincona sale 23, lot 2402
The first specimen was lot 532 in UBS sale 85 (Zurich, September 2010), where it sold for 550 CHF (about US$627 including buyer's fee). The catalog description[1] noted,
"Kaiserreich Sachsen, Königreich Albert, 1873-1902. 5 Mark 1877. Min. Rdf. Fast vorzüglich." (Kingdom of Saxony, Albert (1873-1902), five mark of 1877. Nice extremely fine.)
The second specimen was lot 2402 in Sincona sale 23 (Zurich, May 2015), where it did not sell. The catalog description[2] noted,
" Sachsen, Königreich, Albert, 1873-1902 5 Mark 1877. Dresden. Gutes sehr schön. (kingdom of Saxony, Albert, 1873-1902, gold five mark of 1877, Dresden mint, good very fine.)"
After striking silver five marks 1874-76, gold five marks were issued from the Muldenhutten mint 1877 only. The type does not seem to have been a success, as the denomination was suspended and silver five mark resumed in 1889. The Muldenhutten mint remained open until 1953, striking coins for the Weimar Republic, the Nazis and the Communists.

Recorded mintage: 402,000.

Specification: 1.99 g, .900 fine gold, the second specimen 1.96 g.

Catalog reference: J. 260, KM 1239, Fr-3845.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]UBS Auction 85: Gold and Silver Coins, Zurich: UBS AG, 2010.
  • [2]Richter, Jürg, Ruedi Kunzmann and Arne Kirsch, Numismatic Coins & Medals, Auction 23, Zurich: SINCONA AG, 2015.

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