Hesse 1892-A 20 mark

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Sincona sale 4, lot 4543
This specimen was lot 4543 in Sincona sale 4 (Zurich, October 2011), where it sold for 3,800 CHF (about US$5,055 including buyer's fees). The catalog description[1] noted,
"DEUTSCHLAND Kaiserreich Hessen, Grossherzogtum Münzstätte Darmstadt bis 1880, danach Berlin Ludwig III. 1848-1877. 20 Mark 1892. Gutes vorzüglich. (Grand duchy of Hesse, Louis III, 1848-77, twenty mark of 1892, Berlin mint. Good very fine.)"
This is another rare and expensive gold issue from the German pricipalities after their incorporation into the German empire. It is not an issue of Ludwig III but that of his successor, Ludwig IV (1877-92). Twenty mark pieces also exist for 1872-74 and 1893, each a different type. The Grand Duchy was formerly the Landgraviate of Hesse-Darmstadt but the -Darmstadt was dropped when Hesse-Cassel was annexed by Prussia in 1866.

Recorded mintage: 25,000 plus some proofs.

Specification: 7.96 g, .900 fine gold, .230 troy oz AGW.

Catalog reference: J. 221, KM 365, Fr. 3788.


  • 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.
  • [1]Numismatic Coins, Medals & Banknotes: Auction 4, Zurich: SINCONA AG, 2011.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.

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