Condition rarity modern coin from Germany in Spink auction

1960-J 5-mark is finest known from 250 million mintage
By , Coin World
Published : 06/12/16
Text Size

There’s nothing particularly compelling about the design of a 1960-J silver 5-mark coin, from West Germany’s Hamburg Mint, that highlights Spink’s June 22 auction in New York City. 

The Republic eagle on the obverse is a familiar sight on that denomination, which was issued from 1951 until 1974. However, the coin is symbolic of the German Economic Miracle that followed the uber-destruction of World War II. 

More than 250 million examples of this coin were struck at the four German mints from 1951 to 1974, but only 1 million were from the Hamburg Mint in 1960. Most of the 1960-J examples graded by third-party grading services grade Mint State 62 or MS-63, according to the firm, but this example is graded MS-69 by Professional Coin Grading Service, apparently the finest known example (most examples of the same coin struck at other German mints in 1960 submitted to PCGS are graded MS-66, with one MS-67). 


Connect with Coin World:  




The only blemish to the coin in the auction is a spot visible only with a loupe, according to the firm.

This coin was handmade for a special visitor (perhaps for the mayor) and was produced with fresh dies for both obverse and reverse, the auction house said, and was preserved immediately after striking. 

You are signed in as:null
No comments yet