Antidote,I managed to get one of these pieces,which I know very little about.I know that Bremen also issued such pieces as well,because they are listed in Krause as coins.The obverse of this coin has the usual Hamburg Coat-of-Arms & the following inscription,'GEPRAGT MIT GENEHMIGUNG DES SENATS',& the reverse of this coin has the denomination in the middle & the following inscription,'HAMBURGISCHE BANK VON 1923 A.G.'.Could you please give us some information about these coins? Aidan.
That's an aluminum notgeld coin from the German city of Hamburg during the era of shortage of small change. It says 'coined with the permission of the senate' and is a fraction of an 'accounting marke'. I have a 1/100 piece, and others, on My Notgeld web page. There are a lot of notgeld listed here: Joel's Coins Notgeld list.
I have 1/100 and 5/100 made of Aluminum Yesterday I saw 10/100 and it seemed to be expensive (10.32 USA $) I think that these are local coins designed to solve the inflation in the city of Hamburg in 1923. The largest coin in Germany was 500 marks (I have 2 500 1923A one has an error) , and worths nothing during 1923. the banknotes had denominations upto 1 MILLIARD marks and were printed on one side, so a person got bread in one price in the morning and had to pay more for the same bread in the same evening...
Sort of, yes. Actually most of these "Verrechnungs-" and "Gutschrifts-" pieces helped dealing with the lack of coins immediately after the end of the hyperinflation (see tbirde's reply). They were issued in Bremen, Hamburg and Schleswig-Holstein in late 1923/early 1924. Christian
Hi Aidan It's "Notgeld" from 1923, valid thru Sept. 9th, 1925; there were two coins: 1/100 & 1/500 Verrechnungsmarke. Prices shown in the above scan are in DM ( ) not Euro.
