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Auction: 23004 - Ancient and British Coins - Featuring the 'White Rose' Collection
Lot: 245

(g) Germany, Saxony, Albert I (1873-1902), Gold 10-Mark, 1877 E, Dresden, bare head right, rev. crowned imperial eagle, incuse security edge, 3.91g, 12h (Fb. 3843; Jaeger 261), rub to high points, otherwise with a faint reddish tone and lustre, a pleasing very fine, scarce

After the introduction of the gold standard in 1873, coin production at the mint in Dresden [E] reached its climax in 1876. However, from there production waned and from 1882 to 1884 no coins were minted at the facility. In March 1884, the Parliament of Saxony decided to move the state mint of Saxony to Freiberg and use the site of the previous mint to erect a new Academy of Fine Arts. In May 1884, the goal was to move the mint to Halsbrücke, and thereafter to Muldenhütten. The last coins produced at the facility in Dresden were Pfennig pieces minted on February 5, 1887. The subsequent Saxony issues offered were struck at Muldenhütten but bear the same 'E' mintmark originally employed for Dresden.

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Sold for
£170

Starting price
£150