Discussion in 'World Coins' started by Siberian Man, Jan 18, 2010.
Minted by Adam Donner, from Elberfeld, the coinage was 61,510 coins in 1917.
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Minted by Heinrich Kissing, from Menden. 200,000 pieces in 1917.
Curious piece, minted by Wilhelm Deumer, from Lüdenscheid.
The coinage in 1917 was of 70,000 pieces.
Dieburg, 5 pfennig, 1920
And some occupation money from the Eastern Front. Not quite notgeld. German Military Coinage, "GEBIET DES OBERBEFEHLSHABERS OST", 1916, 1 kopek
And some regular German government issues from the same era.
L: 5 pfennig, 1921
R: 3 mark, 1922
Center: Weimar, 50 pfennig, 1918
The center one fooled me. It's not a standard-issue coin of the Weimar Republic.
Instead, it's a notgeld from Weimar in the Free State of Saxe-Weimar-Eisenach.
Would a standard-issue coin be a not-notgeld?
The coin from Dieburg was minted by L. Chr. Lauer, from Nuremberg.
The Kopek from 1916 was minted in Berlin. This coin was issued during the First World War by the German army in order to be used in Estonia, Poland and North-West Russia. These regions were, in those days, occupied by Germany.
The 50 Pfennig from Weimar was minted by L. Chr. Lauer too.
@Seba79 - Wow! Where are you obtaining all that groovy information about mintage and minter?
The Allies kept up the blockade of Germany for many months - I think about six months - after the armistice. More than a half million Germans starved to death. I think I read that in Tragedy and Hope by Prof. Quigley. That's why, despite no hyperinflation yet, there was a need for local, emergency circulating coinage. I think.
Did any one show a porcelain 20 pfennig, dated 1921 - Saxony?
I have several books on German numismatics, general and specialized, such as emergency money, local issues, etc,.
In fact, the mintage of that piece of porcelain was 75,000 pieces.
Nice ceramic coin!
I think the silver price in 1920 was about $1.32 per ounce due to wartime inflation and suspension of convertibility of European currencies to gold. This price spike is even seen in US dollars, which were less affected by the war. It must have been more severe in various European currencies. This high price drove a lot of the subsidiary silver money out of circulation, as the melt value had risen well above face value. By 1921 silver had settled somewhat to about $0.65 per ounce. During the Great Depression it would drop much lower.
Anyway, making good on the redemption of wartime paper money is highly deflationary! Similar reason for the Panic of 1873 after the US restored the dollar to a gold standard for all the Civil War greenbacks.
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