Germany Saxony 5, 10 and 20 Marks (Gold) 1874 to 1903

These are gorgeous gold coins from the old German State of Saxony. The 10 mark coin looks the same as the 20 mark, only smaller. The 5 mark is even smaller, but there were also 5 mark coins minted in silver. This page applies only to gold coins. All these coins are great collectibles. CoinQuest thanks NumisWorld for letting us use their picture of this nice, rare coin.

SAXONY 5 MARK: 16 mm diameter, 0.057 troy ounces gold
SAXONY 10 MARK: 19 mm diameter, 0.115 troy ounces gold
SAXONY 20 MARK: 22 mm diameter, 0.230 troy ounces gold

Use this data to estimate value of these coins. First, find the base value (or bullion value, BV) of the gold in the coin by mulitplying the gold weight by the price of gold. Use a web site such as kitco.com to find the price of gold. For instance, if gold is selling for $1400 US dollars per ounce, BV of the 5 mark is 0.057 x 1400 = $80, the 10 mark is 0.115 x 1400 = $161 and of the 20 mark is 0.230 x 1400 = $322. Second, add the collector premium to find an approximate retail price. The premium is much lower for a worn or unappealing coin, and higher for spectacular specimens, as follows:

SAXONY 5 MARK IN GOLD
worn: BV + $140
average circulated: BV + $180
well preserved: BV + $240
fully uncirculated: BV + $300

SAXONY 10 MARK
worn: BV + $10
average circulated: BV + $30
well preserved: BV + $50
fully uncirculated: BV + $80
10 mark coins dated 1874 are rare, cataloging at $750 in average circulated condition

SAXONY 20 MARK
worn: BV + $10
average circulated: BV + $30
well preserved: BV + $80
fully uncirculated: BV + $140
20 mark coins dated 1877 and 1878 are very rare and sell for many thousands of dollars

NEVER CLEAN A COIN. CLEANING RUINS VALUE.
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