Maximilian Gold Tokens Archduke Maximilian of Austria and his wife Princess Carlota of Belgium, appointed by Napoleon III, took the throne of Mexico as Emperor and Empress in 1864. The people of Mexico, rejecting the foreign rule, forced the French troops to pull out. Emperor Maximilian chose to stay, and on June 10th, 1867 he was executed. During his reign, coins were struck with his bust on the obverse, and the Mexico Coat of Arms on the reverse. This obverse is what was copied for the Maximilian tokens. The original coins included a gold 1866 20 Peso, silver 1 pesos dated 1866 and 1867, and an 1866 50 Centavos. The eagle seen on the lower denominations (1 Centavos in copper, and 5 & 10 Centavos in silver) is the type usually copied on the Maximilian tokens. The earliest mention of Maximilian tokens dates back to 1949 in Mexico City. Author Dr. Alberto Pradeau's research traced a die ownership back to a pawn shop owned by Montepo Luz Avinon. This was the obverse die and it was made by Navalon Ocampo and Spiritu. This die was next owned by Manuel Martinez, a jeweler, silver-smith & engraver. Seņor Martinez made the reverse die and dated it 1865. These tokens first showed up in the United States at the Aug. 21-24, 1949 ANA Convention in San Francisco for sale at $4 each. At this time, determining which variety/varieties are these is merely guesswork. I've divided the listings below based on who made the tokens. This page is rather lengthy and takes some time to load. I've listed the English made tokens on a separate page to help reduce that load time. Return to the main Mexico Gold Tokens page. Jump down the page to listings for: Maximilian: Seņor Baron | Ricardo Martinez | UM1 | UM2 | UM3 | UM4 |UM Misc | USA |Italy | Germany | England

	Made by Seņor Baron of Mexico City Seņor Angel Baron of Casa de Baron in Mexico City began minting Maximilian tokens in 22k gold in the early 1960's. His Max tokens bear the B mintmark on the reverse. In addition to the the Max tokens, Seņor Baron is credited to having been the maker of a Max & Carlota token - including larger sized ones in silver ranging from 19mm to 38mm. He's also credited to have made the Agustinus token(unlikely), and the Cuauhtemoc marked 22k AB. These designs were later copied. Seņor Baron also made a couple small sized silver Maximilian tokens as listed below. The production of these did not last long because of people gold plating them to be passed off as the gold version. *Numbers 2-6 below are all very similar, with no B under wreath. The beaded circle inside the rim surrounding the obverse may or may not show, usually showing partially, depending on die state and strike. *Numbers 1 & 2 have wide reeding, 3-7 have smaller reeding. *Numbers 1-3 have a smaller crown, not well detailed. Numbers 4 & 5 have larger well detailed crown. Number 6 has a less detailed crown with a distinctive dot in the center of it. 1865 Gold Maximiliano Baron #1: .49-.51grams, 10mm x .6mm B under wreath. Dot instead of wreath bow. Plain wreath with no berries. Numerous die scratches. Also seen with fragment between "OR" on obverse. Image See also Misc #10 further down the page. 1865 Gold Maximiliano Baron #2: .49grams, 10mm x .4mm No B under wreath. Dot instead of wreath bow. Plain wreath with no berries. This one also exists with heavy obverse clash. (wanted) 1865 Gold Maximiliano Baron #3a: Wanted Same as #2 but with smaller reeding. Image Courtesy of Mike Locke 1865 Silver Maximiliano Baron #3b: .41grams, 10mm x .6mm Same but struck in silver. 1865 Gold-plated Silver Maximiliano Baron #4a: .46grams, 10.5mm x .6mm. Crown is slightly larger and well detailed. This one is gold-plated silver. Some people plated the silver ones to sell them as the gold version. Same as next, but has an over-sized rim. 1865 Silver Maximiliano Baron #4b: .33grams, 10.1mm x .6mm. Crown is slightly larger and well detailed. Imaged token shows an unusually well struck eagle, with die clash on reverse. This variety also seen more weakly struck with no die clash. Image. 1865 Gold Maximiliano Baron #5a: Wanted Crown is slightly larger and well detailed. The tops of some lettering on reverse gone. Bold beaded circle on both obverse and reverse. Image Courtesy of Mike Locke 1865 Silver Maximiliano Baron #5b: .49grams, 10.2mm x .9mm Struck in silver. As above, but "O" in "Maximiliano" shaped differently. 1865 Silver Maximiliano Baron #6: Wanted Well struck, Hair and beard re-engraved. Large crack on the obverse. Crown on reverse unlike those above in that it has a large dot in the center of it. This may exist in gold, I recall seeing one of this wreath type with a large obverse crack. Image Courtesy of Mike Locke 1865 Gold Maximiliano Baron #7: Wanted 1's on reverse. "Ley.Oro.K22". First reported in 1969. Probably made by Baron, give the obverse and time frame. This is the variety pictured in older editions of Krause's World Coin Catalog. Compare reverse to next. Image Courtesy of Mike Locke 1865 Gold Maximiliano Baron #8: .39grams, 9.7mm x .3mm Made by Baron? Unique obverse. Reverse as previous, but the 1's flanking eagle, and "Ley.Oro.K22" has been polished off the die. (That's a bit of solder to the right of "O" in Imperio.)

	Made in Mexico by Ricardo Martinez. As of Sept. 2003, Sr. Martinez is not currently making any tokens. He's made these tokens since the early 1980's, and has used approximately 20 sets of dies to produce a total of around 100,000 tokens. His gold tokens were made in 10k gold, and he made few silver tokens since people were gold plating them. I suspect, but have not yet confirmed, that Unknown Maker #1 are his tokens. 1866-1867 Silver Maximiliano RM #1: .49grams, 11.4mm x .5mm Coat of Arms reverse. "M" in Imperio incomplete. This reverse also appears on several Maximilian & Carlota tokens.

	Made in Mexico - Unknown Maker #1 Tied together most notably by the reverse. Compare wreaths, and doubling in "Mexicano", inverted 5 in date. 1865 Gold Maximiliano UM1 #1: Die varieties/states listed below. Obv: Max facing right, "M" connects to bust, scroll under bust. Rev: Pointy wreath leaves, no berries top branch ends, left branch end has uneven leaves with the right leaf touching or nearly touching "I", signs of doubling in Mexicano, 5 in date is inverted. Minor die varieties/states: UM1 #1a: .34grams, 10mm x .4mm & .37grams, 9.8mm x .5mm Image Top of "O" in Maximiliano free from rim. Obverse lettering and scroll well formed, and not yet crumbling. "O" is not as weak as it appears in the linked image. No die cracks. UM1 #1b: .30grams, 9.8mm x .4mm Image Top of "O" in Maximiliano free from rim. Die scratches under bust. Reverse die polish lines around perimeter. Long light reverse crack starting in the field under the "I", runs up through the crown and ends at the base of "C". This variety has a flatly struck obverse legend, and is also seen with an even more weakly struck obverse legend that joins most of the letters to the rim. UM1 #1c: .42grams, 9.8mm x .5mm Image Top of "O" in Maximiliano joins rim. Die polish lines around the perimeter. Light obverse crack from second "E" in Emperador. Light reverse cracks through "P" and "E" in Imperio. And a long light reverse crack similar to #1b but it starts in the field under the "I", runs up through the crown and ends in the field under the "A". UM1 #1d: .37grams, 9.8mm x .4mm Image Top of "O" in Maximiliano joins rim. Long obverse crack from "A" in Maximiliano to "A" in Emperador. Smaller obverse cracks include one left of scroll from rim, one through scroll to bust truncation, one from rim to beard tip, one from Max's forehead to rim, and one from nose through left side of "P" to rim. UM1 #1e: .36grams, 9.7mm x .4mm Image Top of "O" in Maximiliano joins rim. Obverse crack through "L" in Maximiliano. Die mark connecting "O" and "R" in Emperador. Die polish lines around the perimeter on both sides. UM1 #1f: .37grams, 9.8mm x .4mm Image Top of "O" in Maximiliano joins rim. Obverse cracks through "A" in Emerador, rim to beard, and through first "M" in Maximiliano piercing into the bust truncation. Die polish lines around the perimeter on both sides. Reverse Die polish lines match those in #1e. UM1 #1g: .33grams, 9.6mm x .3mm Image Obverse letters recut, top of "O" in Maximiliano now gone making it look like a U. Obverse cracks through "P" and "A" in Emperador, and a long one running from the "M" in Maximiliano up parallel to the neck and finally joining to the head. Reverse crack through right side of "O" in Mexicano, another crack from the eagle's left wing to crown, and another between the 2nd & 3rd left leaf bunches. Also has a fair number of die polish lines. UM1 #1h: .34grams, 9.9mm x .5mm Image Top of "O" in Maximiliano free from rim. Many reverse cracks: one from rim to 6 in date, one from rim through middle left leaf bunch to left wing tip, small one through E in Imperio, tiny one through R in Imperio, one through second I in Imperio extending into field joining die polish lines, one right of O in Imperio, ones connecting M,E, & X to crown, one through C in Mexicano, on through A in Mexicano, one through O in Mexicano, and one from rim through bottom of upper right leaf bunch to right wing tip. UM1 #1i: .32grams, 10.1mm x .5mm Image Top of "O" in Maximiliano free from rim. Obverse crack from scroll through top of "MAX". 1865 Gold Maximiliano UM1 #2: .42grams, 9.8mm x .4mm Different scroll under bust than in UM1 #1 above. Obverse clashed. Die dot in left field of obverse. Die polish lines around obverse perimeter. Reverse crack at 5:00 rim to wreath. UM1 #3: - Die varieties listed below. Obv: Max facing right, no scroll under bust. Rev: As above. UM1 #3a: Wanted R on reverse. Image Courtesy of Mike Locke UM1 #3b: .35grams, 10mm x .5mm Same as #3a but no R on reverse. Obverse: die dot in front of eye, smaller dot on temple, and crack from rim to tip of bust truncation. Reverse: crack from foot of R across to X and up to rim, crack through right side of "O" in Mexicano, crack from rim up through wreath at 5:00, 2 small cuds at 11:30 - 12:00. Die polish lines around perimeter of both sides. LDS has cuds forming at 6:00 of obverse, and more cracks on both sides including: obverse cracks through "M" and "D" in Emperador, reverse cracks thru "A" and "C" in Mexicano, and may or may not show a crack from E into field right of crown. 1865 Gold Maximiliano UM1 #4: Die varieties/states listed below. Obv: Max facing left, no scroll under bust. Rev: As above. Minor die varieties/states: UM1 #4a: .34grams, 9.6mm x .3mm Image Wide flat lettering on obverse. Extra fragment on "X" in Mexicano. UM1 #4b: .39grams, 9.8mm x .4mm Image Normal lettering and devices. Some alignment marks around perimeter of obverse. UM1 #4c: .32grams, 9.6mm x .3mm Image Die cracked from "O" in Maximiliano to over Max's head. UM1 #4d: .24grams, 9.6mm x .3mm Image Crack from rim to beard tip and through "D" in Emperador on obverse. Cracks in middle right leaf bunch. UM1 #4e: .26grams, 9.8mm x .4mm Image Crack through first "R" in Emperador on obverse. Reverse cracks: one through first "I" in Imperio, one from rim to top left inner berry, one through bottom left leaf bunch to left of date. Later die state has additional reverse cracks: one right of "O" in Mexicano, one to right of bottom right pair of berries.(wanted) UM1 #4f: .36grams, 9.9mm x .4mm Image Clashed dies, most noticably in impression of eagle's base on Max's neck, and Max's profile in right field of reverse. Reverse die crack/mark from 5:00 to 6:00 under wreath. See following two. UM1 #4g: .35grams, 9.9mm x .4mm Image Obverse clash now polished out, reverse clash intact. Reverse die crack/mark from 5:00 to 6:00 under wreath. See previous and next. UM1 #4h: .36grams, 9.9mm x .4mm Image Reverse die clash now polished out with eagle details missing. Reverse die crack/mark from 5:00 to 6:00 under wreath. See previous two. UM1 #4i: .36grams, 10mm x .5mm Image Obv. crack from second "R" in Emperador to rim. R on reverse as seen in UM1 #3a. UM1 #4j: .39grams, 9.9mm x .5mm Image Obverse alignment mark along top of MPERA of "Emperador". Reverse cracks from rim at "I" in Emperio, base of top left leaf bunch, through base of bottom left leaf bunch ending next to 1 in date, base of middle right leaf bunch, and right of "O" in Mexicano. Also seen .28grams 9.8mm x .5mm with more obv alignment marks and E in Emperador at rim. UM1 #4k: .32grams, 9.8mm x .4mm Image Reverse crack through right side of "M" in Imperio, one through "O" in Mexicano, one through "X", one through "C", and a faint crack from rim at 11:00 to crown. UM1 #4L: .30grams, 9.8mm x .4mm Image Similar to #4B. Normal lettering and devices. No obverse alignment marks. Die defect to right of date. Well struck. Seen: .29g, 9.9mm x .4mm - reverse die not well polished .30g, 9.8mm x .4mm - well polished dies .35g, 9.8mm x .5mm - well polished dies UM1 #4m: .28grams, 9.6mm x .4mm Image Reverse crack through middle right leaf bunch. 1865 Gold Maximiliano UM1 #5: .35grams, 9.7mm x .6mm. Different crown, same inverted 5, no berries, dot instead of bow. Ex-jewelry. (better example wanted) 1865 Gold Maximiliano UM1 #6: Wanted Leaves at top of left branch even in length. Coin in image triple-struck on reverse. Image Courtesy of Mike Locke 1865 Gold Maximiliano UM1 #7: Die varieties listed below. Obv: Max facing right, no scroll under bust. "O" in Maximiliano joins to Max's head. Rev: Even wreath as in UM1 #6. UM1 #7a: .31 grams, 10.5mm x .3mm. Unusual planchet size for this maker. Obverse seems made for this planchet size, but reverse does not. Eagle's details polished out. UM1 #7b: Wanted Unsure of planchet size. Reverse die marked 8k, 16 02, and initials JB. Unusual variety with all the extra markings, plus the rest of the UM1 varieties are apparently 10k. UM1 #7c: .32 grams, 10.4mm x .5mm. Another "large" planchet size. Thicker obverse lettering joining rim. Back bust point far from "M", front point close to "R". Reverse has wide rim face. Normal details on eagle. 1865 Gold Maximiliano UM1 #8: .39grams, 9.6mm x .5mm Obverse very similar to UM1 #1 above. Aztec calendar reverse - see Aztec #3a.

	Made in Mexico - Unknown Maker #2 Recent productions, probably from Mexico City, prooflike, thick lettering. Similar to Unknown Maker #1. 1865 Gold Maximiliano UM2 #1: .39grams, 9.9mm x .5mm Prooflike. Obverse rim joins to some letters. Also comes weakly struck with less bust detail, and the line joining crown to eagle's head is very faint. 1865 Gold Maximiliano UM2 #2: .39grams, 9.7mm x .4mm Similar reverse to above. Obverse lettering near hair, hair different, compact bust. 1865 Gold Maximiliano UM2 #3: .26grams, 10mm x .4mm Very similar to #1. Obverse rim and lettering intact, scroll a little farther from bust. Reverse wreath bow closer to rim, ground under eagle shaped differently.

	Made in Mexico - Unknown Maker #3 Recent productions from Guadalajara, Mexico. Prooflike. Designs copy Senor Baron's tokens. 1865 Gold Maximiliano UM3 #1: .38grams, 10mm x .5mm Die marked 10k. Date hand re-engraved. Mine is slightly offcenter on the obverse, the scroll under bust is usually fully formed with normal rims. 1865 Gold Maximiliano UM3 #2: .42grams, 10.1mm x .5mm Date doubled. Die marked 14k. 1865 Gold Maximiliano UM3 #3: .47grams, 10.2mm x .4mm Die marked 22k.

	Made in Mexico - Unknown Maker #4 Compare closely to the German made tokens. "B" under wreath on some, which may indicate Senor Baron. Some made previous to 1972, but #4 was clearly made more recently. 1865 Gold Maximiliano UM4 #1: .48grams, 10mm x .3mm B under wreath bow. No cross above crown, nor any berries above bow. 1865 Gold Maximiliano UM4 #2: Die varieties/states listed below. B under wreath bow. Cross above crown. Berries above bow. This variety pictured in "Medals of Mexico Vol. II" 1972. Minor die varieties/states: UM4 #2a: .48grams, 10mm x .5mm Image No cuds or cracks. UM4 #2b: .50grams, 10mm x .5mm Image Tiny cud at rim after "Maximiliano". UM4 #2c: .42grams, 10mm x .4mm Image Cud/die break at "OR" on obverse. UM4 #2d: Wanted Image Die line under "DOR" on obverse. Reverse crack to "I" in Mexicano, and another to top right leaf bunch. Clashed reverse with bulging center. Plain edge. Image Courtesy of Mike Locke 1865 Gold Maximiliano UM4 #3: .51grams, 10.1mm x .4mm Same as above, but no B under wreath. 1865 Gold Maximiliano UM4 #4: .51grams, 10.1mm x .6mm Same as #2 above. B slightly smaller and slightly lower. Die marked "500/1000 12-K"

	Misc Unknown makers Most of these originate from Mexico. 1865 Gold Maximiliano UM-Misc #1: .28grams, 10.1mm x .4mm. Emperador continues to under right side of bust. 1865 Gold Maximiliano UM-Misc #2: .40grams, 10.2mm x .4mm 14k under bust. Matte surfaces. Somewhat similar to UM3. Made in Mexico. 1865 Gold Maximiliano UM-Misc #3: .20grams, 9.9mm x .2mm. Obverse has a faint crack from rim between "M" & "I" in Maximiliano going across bust to opposite rim between "M" & "P" in Emperador. Reverse more boldy detailed than next. Top left berry touches leaf. Fragment to left of berry below 8. This variety often seen weakly/flatly struck. (Image) 1865 Gold Maximiliano UM-Misc #4: .19grams, 9.9mm x .2mm. Same obverse as Misc #3 with light crack across rim to rim. Reverse more finely detailed. No fragment next to berry. Top left berry free from leaf. 1865 Gold Maximiliano UM-Misc #5: .40grams, 9.9mm x .3mm No berries, Dot instead of wreath bow. Similar to Seņor Baron's. Unique scroll type. Made in the 1970's. 1865 Gold Maximiliano UM-Misc #6: .45grams, 10mm x .5m No berries, Dot instead of wreath bow. Same reverse as Misc #5. Made in the 1970's. Imaged token is polished & ex-jewelry. 1865 Gold Maximiliano UM-Misc #7: .51grams, 10.2mm x .4mm. Wreath branches not centered with lettering. 1865 Gold Maximiliano UM-Misc #8: .48grams, 9.9mm x .6mm Die scratch from "AX" into obverse field. Layered wreath leaves, not in bunches. 1865 Gold Maximiliano UM-Misc #9: .23grams, 10.3mm x .3mm Short beard. Compare to Italy #4. Seen with and without both sides Clashed. Made in Italy or Asia. 1865 Gold Maximiliano UM-Misc #10: Wanted Design copies Senor Baron's tokens. 1866 Gold Maximiliano UM-Misc #11: .48grams, 10mm x .5mm Unable to determine if mark in left field of obverse is a die blob or maker's mark. Coat of Arms reverse with the 1866 date. Made in Mexico. 1865 Gold Maximiliano UM-Misc #12: .28grams, 9.9mm x .3mm "R" on reverse as in UM1 #3, but details differ from that maker. 1865 Gold Maximiliano UM-Misc #13: .49grams, 10.1mm x .5mm Imaged token is polished and ex-jewelry, making some details hard to see. Crown is barely visible. 1865 Gold Maximiliano UM-Misc #14: .29grams, 9.6mm x .3mm Ex-jewelry piece purchased from Australia. Not sure where this one originated. 1865 Gold Maximiliano UM-Misc #15: .39grams, 10.1mm x .7mm "GR. 47" & "L-14k" on obverse. Made in Mexico. Gold Maximiliano UM-Misc #16a: .51grams, 10mm x .6mm Blank reverse. Probably made in the U.S. UM-Misc #16b: .36grams, 9.9mm x .5mm As above, struck in silver. The dot inside the ear is shaped a bit differently. 1865 Gold Maximiliano UM-Misc #17: .43grams, 10.3mm x 1.0mm Very small "Copia" under bust. Purchased from Germany. Unusually thick. Obverse crack through first "A" in Maximiliano. LDS of this has additional obv die scratch at "OR", Reverse rim face widened presumably to slow down die deterioration. Cud at "MP" and cracks along Imperio. (Image.) 1867 Gold Maximiliano UM-Misc #18: .43grams, 10.3mm x .5mm Came in a pendant from England hallmarked 1988, however it's different than the types shown in the English section. Compare reverse to obverse of the 1/4 Peso token on the Misc. page which was purchased from Canada. 1865 Gold Maximiliano UM-Misc #19: .37grams, 10.2mm x .4mm Crudely made dies. One of only a couple varieties where the eagle's head is facing left. Gold Maximiliano UM-Misc #20: .52grams, 10.5mm x .8mm. Undated. Recent production from Mexico City. Not real gold. Selling as part of an Arras(wedding) set, as of Jan 2003. 1855 Gold Maximiliano UM-Misc #21: .50grams, 9.6mm x .5mm. Strangely dated 1855. Obverse crack at 6:30. Reverse crack at 5:30, and another from "R" to eagle's wing. Made in Mexico. 1855 Gold Maximiliano UM-Misc #22: .49grams, 9.8mm x .6mm. Same maker as misc #21. Obverse crack through first "A" in Maximiliano. Large obverse crack from "MI" in Maximiliano across bust to rim at 6:00. Reverse has heavy die scratches. Date is re-engraved and somewhat ambiguous as to whether it's 1855 or 1865. Made in Mexico. 1866-1867 Silver Maximiliano UM-Misc #23: Wanted 9.8mm. This may have been made by Ricardo Martinez. Image Courtesy of Mike Locke 1866-1867 Silver Maximiliano UM-Misc #24: .37grams, 10.2mm x .5mm. Made in Mexico. Die marked 10k on left side of reverse. Same maker as Unknown Maker #3? 1865 Gold Maximiliano UM-Misc #25: .42grams, 10.2mm x .8mm. Not real gold. Resembles the work of Unknown Maker #2. 1865 Gold Maximiliano UM-Misc #26: .30grams, 9.9mm x .2mm. Short beard on Maximilian. Unknown origin. 1866-1867 Silver Maximiliano UM-Misc #27: .87grams, 11.6mm x 1mm. Made in Mexico. 1865 Gold Maximiliano UM-Misc #28: .33grams, 9.9mm x .5mm. Another purchased from Australia. Baron-style reverse. 1865 Gold Maximiliano UM-Misc #29: .32grams, 10.3mm x .5mm. Another variety copying Senor Baron's style. Unusual scroll showing a Nike symbol. Made in Italy in the late 1970's, however there's no connection to those in the Italy section below. 1865 Gold Maximiliano UM-Misc #30: 11-12mm Made in Mexico. This one's set in an earring with a bezel and post on the back. Better example wanted. 1865 Gold Maximiliano UM-Misc #31: Wanted Unknown origin. 1865 Gold Maximiliano UM-Misc #32: Wanted Unknown origin.

	Made in the USA This is the only variety I know of purported to have been made in the U.S. 1865 Gold Maximiliano USA #1: .34grams, 10mm x .4mm. X for a wreath bow, pointy leaves. 14k, mintage of approximately 150.

	Made in Italy New makers of Maximilian tokens were reported to be making them in lower grade gold as early as 1966. One of these was a new maker of small gold pieces in Italy. I've been told their name is LCG LTD, but strangely enough am having trouble confirming that. They are still in business to the present day. While mostly producing miniature versions of world gold coins, they also copied the gold Maximilian tokens. Due to their minting these in 8k gold, they were able to sell them cheaper than Seņor Baron, which eventually led to him discontinuing their production. All are low weight and 8k gold. 1865 Gold Maximiliano Italy #1: Die varieties listed below. Obv: Small scroll under Max, top of "O" in Maximiliano crumbled away to look like a "U". Rev: 2 berries above top right wreath leaf, 1 berry above top left leaf, nothing under bow. Minor die varieties/states: Italy #1a: .22grams, 10.2mm x .2mm. Image Obverse die polish lines. Reverse die crack through R. Italy #1b: .24grams, 10mm x .2mm. Image Obverse light die scratches marks under bust. Die crack from front bust point to rim, and back bust point to "M". Another die crack through "L". Reverse die crack through 65 in date extending into field. Italy #1c: .17grams, 10.2mm x .2mm. Image Obverse die reworked. Numerous die polish lines around the perimeter. Obverse crack through first "A" in Maximiliano, and two smaller cracks from rim above Max's head. Reverse die crack through "N". Italy #1d: .14grams, 10.1mm x .2mm. Image Reverse die crack through the left side of "X". Italy #1e: .15grams, 10.3mm x .2mm .22grams, 10.3mm x .3mm .28grams, 10.1mm x .4mm Image As above, no cracks. Compare to #1k. Italy #1f: .16grams, 10.2mm x .2mm Image Short crack on reverse from rim to middle left leaf bunch. Italy #1g: .18grams, 10.2mm x .2mm Image Crack down right side of "M" in Imperio on reverse. Italy #1h: .15grams, 10mm x .2mm Image Reverse crack between "O" & "M". Italy #1i: .15grams, 10.2mm x .2mm Image Later die state of #1b? Obverse crack through "L" to bust, another through first "A", and a small crack from rim at 11:00. Reverse crack through "N". Italy #1j: .32grams, 10.2mm x .5mm Image Thick planchet. Obverse crack through "L". Reverse crack through middle of "X". (In a different location than in #1d.) Italy #1k: .44grams, 10mm x .6mm Image Thick planchet. No die cracks. Reverse clashed. Compare to #1e. Italy #1L: Wanted Image Obverse crack through "D". Image Courtesy of Mike Locke Italy #1m: .22grams, 10.2mm x .3mm Image Later die state of #1b with additional reverse die crack left side of "C". 1865 Gold Maximiliano Italy #2a: .14grams, 10.1mm x .2mm Obv: Obverse of Italy #3 below. "O" in Maximiliano now officially a "U". No scroll under bust. Bottom of bust now reshaped. Die scratches under bust. Rev: Reverse of Italy #1 above, date a little closer to eagle's base. 1865 Gold Maximiliano Italy #2b: .28grams, 9.9mm x .4mm Same as #2a, but without die scrathes under bust. Prooflike surfaces. Struck on a smaller and thicker planchet. Unusual size for this maker. 1865 Gold Maximiliano Italy #3: Die varieties/states listed below. This is LCG's most recent production. Obv: "O" in Maximiliano now officially a "U". No scroll under bust. Bottom of bust now reshaped. Extra fragments in the "EM" of Emperador. Rev: 333 on reverse, meaning 8k. Only 1 berry topping each wreath branch. Some letters in Mexicano recut for better alignment. Minor die varieties/states: Italy #3a: .12grams, 10.1mm x .2mm. Image No die scratches under bust (polished out?). Small die blob there which may explain later tooling. Reverse recutting of Mexicano most obvious. Later varieties have some of it polished out. Italy #3b: .12grams, 10.1mm x .2mm. Image Flawed planchet for my image of this token. Starting to see a few die scratches under bust. A few verticle die scratches around the 6 in date. Italy #3c: .12grams, 10.1mm x .2mm. Image Die crack from rim to top of Max's head. Lots of die scratches under bust now. Reverse problems around Mexicano now mostly polished out. Tiny die crack rim to top right leaf bunch. Italy #3d: .13grams, 10mm x .2mm. Image As previous, but no die cracks to head or leaf bunch. Italy #3e: .11grams, 9.6mm x .1mm. Image Smaller than normal planchet. Obverse crack through second "M" in Maximiliano. Reverse crack and die scratches through Mexicano. Italy #3f: Wanted Image 10.3mm. Larger than normal planchet. Die scratches under bust. Reverse crack from second "I" in "Imperio" through crown and top of wing extending into the right field. Image Courtesy of Mike Locke 1865 Gold Maximiliano Italy #4: .19grams, 10.1mm x .2mm Obverse: wide compact beard. Larger and clear lettering. Reverse: 1 berry topping left branch, 2 berries topping right. 2 dots paired vertically below bow. Some ended up in this case. 1865 Gold Maximiliano Italy #5a: .22grams, 10.4mm x .4mm Obverse: Forked beard. Reverse: 1 top left berry, even ground under eagle. Some ended up in this presentation piece. 1865 Gold Maximiliano Italy #5b: .20-.22grams, 10.2mm x .3mm Very similar to above, shorter beard and larger berries. Tiny obverse cracks to second "M" and second "A" in Maximliano. Tiny reverse cracks to "O" in Imperio and "A" in Mexicano. Italy #5c: As above, but "333" under bust and under wreath. Eagle slightly different. A few perimeter die cracks on both sides.

	Made in Germany It's not yet confirmed that these were made in Germany. All of the examples below were purchased from there, and the Germanic eagle head on some lends to that conclusion. The style seen on these are similar to both those made by Senor Baron and those made in Italy. Compare also to Unknown Maker #4. 1865 Gold Maximiliano Germany #1: .41grams, 10.2mm x .4mm Obverse: Scroll under bust, numerous die cracks, small cud at "X", larger cud at "IA". Reverse: Germanic eagle's head, Die polish lines around lettering, dot under wreath. 1865 Gold Maximiliano Germany #2: .46grams, 10.2mm x .4mm Same as #1, but 65 in date slightly different. Clashed dies, no cuds/cracks. Germanic eagle's head, and dot under wreath. 1865 Gold Maximiliano Germany #3: Wanted Same as #1 & 2, but wider lettering on reverse. Germanic eagle's head, and dot under wreath. 1865 Gold Maximiliano Germany #4a: .62grams, 10.2mm x .5mm. Normal eagle head. R under wreath bow. 1 berry above top left leaf. Very heavy. 1865 Gold Maximiliano Germany #4b: .46grams, 10.2mm x .5mm. Same as above, different grade gold. Color is different as is weight. 1865 Gold Maximiliano Germany #5: .18grams, 9.9mm x .4mm Different maker than those above. The above are 22k, this one is probably 8k. I've been told that some 8k tokens came out of Germany in the early 1970's, and I believe this to be one of them.

Don't forget the English-made varieties listed here.

	Contact Me Please drop me a line at andy@zgold.com if you have any additional information or corrections. I'm also looking to purchase the varieties marked as Wanted, and am interested in hearing about any I don't have listed. Thanks, Andy Gunderson.