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<p>[QUOTE="CamaroDMD, post: 24685562, member: 5233"]OK, so here is a very special one I just picked up. This coin has been on my "big want list" for quite some time and when I saw it I had to pick it up.</p><p><br /></p><p>This is a 1929-F 1 Rentenpfennig from Germany's Weimar Repbulic.</p><p><br /></p><p>A quick history lesson here. The Rentenmark (100 Rentenpfennig's made a Rentenmark) was Germany's answer to hyperinflation in the early 1920s. Due to the economic crisis in Germany following WWI, there was no gold to back the Papiermark. This combined with Germany printing more and more money...well the Papiermark become worthless.</p><p><br /></p><p>In 1923, the new Rentenmark is was issued at a rate of 1 Rentenmark to 1 trillion (10 to the 12th power) of the old Papiermarks. This currency was backed by real goods...namely land (Renten being the German word for Mortgage). Basically, the government borrowed money against the land of it's people with the mortgage being payable twice annually for 5 years. The Rentenmark was issued from 1923 until mid 1924 when (thanks to the Dawes plan)...the Reichsmark (a new gold backed currency) came into being with a 1:1 exchange rate.</p><p><br /></p><p>No Rentenmarks were issued after 1924...except there were. </p><p><br /></p><p>A few of the Rentenpfennig coins were made in 1925 (1pf, 5pf, and 10pf) as well as these 1929-F 1 Rentenpfennig coins. All are extremely rare and it is unknown how, why or how many were produced. </p><p><br /></p><p>The new Reichspfennigs are virtually identical to the Rentenpfennigs...with only a single word being changed on the reverse. It is conceivable that the wrong (old) reverse die was used on a handful of 1925 coins. It is also possible that these were made by a clandestine mint employee. Nobody really knows. </p><p><br /></p><p>I can see a mistake for the 1925s. It was only the previous year that the Rentenpfennig's were stopped being issued. But for 1929, that seems to me to be too long after the fact for a simple error. I'm willing to bet that there was some shenanigans at the Stuttgart mint in 1929 and that is why these 1929-F coins were made. </p><p><br /></p><p>Again, nobody really knows. But, that's my guess.</p><p><br /></p><p>Anyway, I found a 1929-F from Ron Guth. He told me it was only the second one he has had in 30 years. Although it was outside of my budget, I had to do it.</p><p><br /></p><p><img src="https://i.imgur.com/Jhs91gz.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 24685562, member: 5233"]OK, so here is a very special one I just picked up. This coin has been on my "big want list" for quite some time and when I saw it I had to pick it up. This is a 1929-F 1 Rentenpfennig from Germany's Weimar Repbulic. A quick history lesson here. The Rentenmark (100 Rentenpfennig's made a Rentenmark) was Germany's answer to hyperinflation in the early 1920s. Due to the economic crisis in Germany following WWI, there was no gold to back the Papiermark. This combined with Germany printing more and more money...well the Papiermark become worthless. In 1923, the new Rentenmark is was issued at a rate of 1 Rentenmark to 1 trillion (10 to the 12th power) of the old Papiermarks. This currency was backed by real goods...namely land (Renten being the German word for Mortgage). Basically, the government borrowed money against the land of it's people with the mortgage being payable twice annually for 5 years. The Rentenmark was issued from 1923 until mid 1924 when (thanks to the Dawes plan)...the Reichsmark (a new gold backed currency) came into being with a 1:1 exchange rate. No Rentenmarks were issued after 1924...except there were. A few of the Rentenpfennig coins were made in 1925 (1pf, 5pf, and 10pf) as well as these 1929-F 1 Rentenpfennig coins. All are extremely rare and it is unknown how, why or how many were produced. The new Reichspfennigs are virtually identical to the Rentenpfennigs...with only a single word being changed on the reverse. It is conceivable that the wrong (old) reverse die was used on a handful of 1925 coins. It is also possible that these were made by a clandestine mint employee. Nobody really knows. I can see a mistake for the 1925s. It was only the previous year that the Rentenpfennig's were stopped being issued. But for 1929, that seems to me to be too long after the fact for a simple error. I'm willing to bet that there was some shenanigans at the Stuttgart mint in 1929 and that is why these 1929-F coins were made. Again, nobody really knows. But, that's my guess. Anyway, I found a 1929-F from Ron Guth. He told me it was only the second one he has had in 30 years. Although it was outside of my budget, I had to do it. [IMG]https://i.imgur.com/Jhs91gz.jpg[/IMG][/QUOTE]
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