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GERMANY FROM 1871 ONWARD. EMPIRE GOLD COINS. BAVARIA. Ludwig II, 1864–1886. 20 Mark, ø 23 mm (7.94 g). 1872 D, Munich. No. 194. Gold! Attractive patina, tiny edge flaws, very fine. For investment gold as defined in § 25c, paragraph 2 of the German Value-Added Tax Act (UStG), the premium amounts to only 15% of the hammer price.