Germany (Baden) 10 and 20 Marks 1909 to 1914

Here are the stats for these beautiful gold coins from the old German State of Baden:

10 MARKS: 0.115 troy ounces gold
20 MARKS: 0.231 troy ounces gold

The first step in determining value of these coins is to compute the base value (BV), or the value due to gold content alone. Look up the current value of gold (e.g., at kitco.com) and then multiply. For instance, if gold is selling at $1200 US dollars per troy ounce, a 20 mark coin would have BV = 0.231 x 1200 = $277 US dollars.

A coin that is totally wrecked and mutilated would have the BV value. For coins in decent shape, the value goes up as wear goes down:

10 MARK
worn: BV + $100 US dollars approximate catalog value
average circulated: BV + $200
well preserved: BV + $500
fully uncirculated: BV + $800

20 MARK
worn: BV US dollars approximate catalog value
average circulated: BV + $20
well preserved: BV + $50
fully uncirculated: BV + $100

You can see by the listings above that the 10 mark coins are more scarce than the 20 mark coins. Also, there are some better date 10 mark coins that are worth even more than the values above, as follows

10 MARK
1911: $4000 in average circulated condition
1912: $1000 average circulated
1913: $800 average circulated

All the values on this page are catalog values. Please read our Important Terminology page so you can properly interpret catalog values.
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