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<p>[QUOTE=&quot;goldmark, post: 1536046, member: 38168&quot;]They were operating on a silver standard back then, and in order to accommodate the money supply they had to introduce something like a precursor to credit money and that is the Scheidemünze. The other form of coin is a Kurantmünze (the Taler), with a value completely covered by a precious metal and is the complementary opposite to the Scheidemünze. Furthermore Kurantmünzen were legal tender that had to be unlimitedly accepted for all debt. In 1871 they switched over from a silver to a gold standard, large silver coins like the 5 Mark pieces still circulated and acted as a medium of exchange/link to other countries still operating on a silver standard, perhaps it can be called a bi-metallic standard (I think the US had something similar with their Trade Dollars).[/QUOTE]</p><p><br /></p>

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