Saxony 1903-E 20 mark

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Heritage sale 3041, lot 30080
Saxony H3041-30080r.jpg

This specimen was lot 30080 in Heritage sale 3041 (Chicago, August 2015), where it sold for $4,230. The catalog description[1] noted, "A Highly Desirable Portrait Type and Denomination. Saxony. Georg gold Proof 20 Mark 1903-E PR64 Cameo NGC, Muldenhutten mint, One-year type. Tone-free and incredibly bold in presentation, with cameo contrast that appears to fully merit "Ultra Cameo" distinction as a result of thick design frost and enduring mirror depth in the fields. Very nearly a technical Gem, only minor imperfections are present, with an overall appearance that is certainly Gem caliber. The only 20 mark date of Georg's reign, and as such, a heavily sought type, especially in proof format. From The Kaiser Collection of German Gold Coins." The type is fairly common.

Recorded mintage: 250,000 plus a few proofs.

Specification: 7.97 g, .900 fine gold.

Catalog reference: KM 1260, Jaeger-266, Fr-3846.


  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Craig, William D., Germanic Coinages: Charlemagne through Wilhelm II, Mountain View, CA: 1954.
  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World & Ancient Coins Auction 3041, featuring the Eric Beckman Collection of Canadian Coins, the Kaiser Collection of German Gold Coins and the Rudman Collection of Mexican Coins, Part I, Dallas, TX: Heritage Auction Galleries, 2015.

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