20 Mark - Albert

Albert had ruled Saxony since 1873 and was in his final years when these coins were struck — he died in June 1902. Saxony retained the right to issue gold coinage under the German Imperial Constitution, though by the 1890s the proliferation of state-issued marks was already drawing friction from Berlin, which preferred monetary production consolidated at the Prussian and Imperial level.

The Dresden mint struck these across two years only. J#264 is sometimes encountered with minor die-alignment variants, though none carry a significant premium.