The “emergency money” reached dizzying nominal values

The 'emergency money' reached dizzying nominal values

The munzfreunde kronach again invite to the munz- und geldscheinborse on sunday, 1. December, in the multipurpose hall of the TSF theisenort. From 9 a.M. To 4 p.M., rarities, even unique pieces of banknotes and coins will again be on display.

It will be an interesting journey through time and the history of the centuries. In addition, oliver fischer, chairman of the munzfreunde kronach and initiator and organizer of the event will give a small insight into german inflation coins 1923.

Compared to the countless banknotes from the german inflationary period of 1922 to 1923, with values of up to 100 billion marks, there are only a small number of coins from this period. They can be divided into two categories: inflation and emergency munitions from government agencies as well as commemorative and collector’s munitions. The latter were not actually intended for payment transactions. The law on the issue of replacement coins of february 1922 allowed the production of coins up to a nominal value of 1000 marks. Coins of 200 and 500 marks were produced in millions.

However, these coins rarely came into circulation, since one could hardly buy anything for them due to the galloping inflation in 1923. In august 1923, the limit for the nominal value of coins was raised to one million marks. The hamburg mint issued emergency coins with a face value of 200,000 marks and half a million marks.

The emergency money of the province of westphalia pays to commemorate and collect. The landesbank westfalen loves "emergency money in the nominal value of one mark to one billion marks. These pieces were sold mainly to coin collectors. The proceeds were used for social purposes. On the value sides of the coins is the jumping westphalian horse to see. The image pages vary somewhat. Almost always the head of freiherr vom stein is shown, only on some issues the breast picture of annette von droste-hulshoff (writer and composer) is shown. The one-trillion-mark stucco pays today to the rare notpragungen.

The catalog prices for such pieces are currently ranging from 300 to 1500 euros, depending on their condition. By comparison, the catalog prices for the 200- and 500-mark pieces of the german reich are far below this amount. The rarest variant of the 500-mark piece from the munzstatte hamburg (pragebuchstabe J) is still valued in the catalog in the double-digit euro range, depending on its condition. The prices of the other variants are still far below this figure.

The rentenmark followed at the end of 1923

With the truth reform on 15. November 1923 the time of inflation and emergency coins was also finally over. The rentenmark was introduced. For a billion "old" mark there was a pension mark. A rentenmark was again worth about 24 US cents.

This and much more information and observations will be made possible by a visit to the munz- und geldscheinborse in theisenort next sunday, 1. December, from 9 a.M. To 4 p.M. At TSF theisenort’s multipurpose hall.

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