 It was discovered by German astronomer Karl Reinmuth at the Heidelberg-Königstuhl State Observatory on 10 March 1920.The S-type asteroid has a short rotation period of 3.3 hours and is likely spherical in shape.It was named "Algunde", a common German female name unrelated to the discoverer's contemporaries, that was taken from the almanac "Lahrer Hinkender Bote".