Most of the Spencers I have seen that came out of Europe(not all) have German proof or ownership mark on the barrel,to me this does ad credence to the story that the were either war capture or war reperation obtained by German states.This Crown over a V also appears on Peabody rifles that turn up ,booth rifles were French contract rifles and Germany never had a contract for either rifle ,so the me the capture or war reperation by German states seems to me as the most likely explanation for these German marked rifles,especialy as most seem to turn up in very good condition,the Germans looked after rifles that they put into stores very well indeed