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German Democratic Republic GDR coins arrived as a gift
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<p>[QUOTE="chrisild, post: 1475175, member: 39"]Yes, the people in the GDR got a "political" exchange rate: 1-1 up to a certain amount (4000 M for most people). For anything beyond that, the rate was 2-1 otherwise, ie. for 2M you would get 1 DM. Well, the prices in the GDR had always been "political" - what was considered basic needs could be had cheap, what was considered luxury was very expensive. The euro, in terms of cash, came twelve years later.</p><p> </p><p><br /></p><p>Your friend can probably tell you more about this, but the GDR had two types of commems: Pieces that were made primarily for export - usually silver, high relief, low mintage, fairly expensive. GDR citizens could get those if they were in Kulturbund collectors clubs (and had a bit of luck ...). The others were Cu-Ni coins, often with relatively high mintages, and those were easier to get and to some extent even circulated in the GDR.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1475175, member: 39"]Yes, the people in the GDR got a "political" exchange rate: 1-1 up to a certain amount (4000 M for most people). For anything beyond that, the rate was 2-1 otherwise, ie. for 2M you would get 1 DM. Well, the prices in the GDR had always been "political" - what was considered basic needs could be had cheap, what was considered luxury was very expensive. The euro, in terms of cash, came twelve years later. Your friend can probably tell you more about this, but the GDR had two types of commems: Pieces that were made primarily for export - usually silver, high relief, low mintage, fairly expensive. GDR citizens could get those if they were in Kulturbund collectors clubs (and had a bit of luck ...). The others were Cu-Ni coins, often with relatively high mintages, and those were easier to get and to some extent even circulated in the GDR. Christian[/QUOTE]
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German Democratic Republic GDR coins arrived as a gift
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