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A "National Coin Week" exhibit by Joel Anderson ~ A LOOK AT GERMAN INFLATION 1914-1924

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  • A "National Coin Week" exhibit by Joel Anderson ~ A LOOK AT GERMAN INFLATION 1914-1924

    http://www.joelscoins.com/exhibger2.htm

    Much to the unhappiness of those who think they may have found a fortune in grandma's trunk, the money of this period is no longer valid. However it does form a fascinating collecting area where many items can be acquired at modest prices.

    1922



    (reduced image, click on image for full size view)
    10,000 Mark January 19, 1922 Reichsbanknote
    Image reduced approximately 50%, note size 210mm x 124mm
    In early 1922 10,000 Mark would buy over 250 Pounds of Meat.
    By the end of the year it would buy only 5 pounds of Meat.
    In June bread is 3.50 Mark a loaf.

    When first issued in January of 1922 this note was the highest denomination of circulating currency ever issued by the German government. It would soon become small change. The note is sometimes called the "Vampire Note" . If you look carefully, and have a good imagination, you will see a vampire on the neck of the German worker. This was said to represent the French sucking the blood from Germany through the war reparations.

    cont.

  • #2
    Re: A "National Coin Week" exhibit by Joel Anderson ~ A LOOK AT GERMAN INFLATION 1914-1924

    I llike the fact that it was called Goldmark before the war and paper mark after the war.


    Still, this one should have worked through the hyperinflation.

    Mark, Silver
    Would buy 1 Dozen Eggs,
    5 Pounds of Potatoes or a pound of Meat
    Bread is 22 Pfennig a loaf.

    Because of coin hoarding caused by the war and increasing inflation, these silver coins rarely circulated. Germany would discontinue the silver Mark in 1919.
    2. 2. Silver coins

    Silver coins were minted in .900 fineness to a standard of 5 grams silver per Mark. Production of 2 and 5 Mark coins ceased in 1915 while 1 Mark coins continued to be issued until 1916. A few 3 Mark coins was minted until 1918, and Mark coins continued to be issued in silver until 1919.
    20 Pfennig, 1.1111 g (1 g silver), only until 1878
    Mark or 50 Pfennig, 2.7778 g (2.5 g silver)
    1 Mark, 5.5555 g (5 g silver)
    2 Mark, 11.1111 g (10 g silver)
    3 Mark, 16.6667 g (15 g silver), from 1908 onwards
    5 Mark, 27.7778 g (25 g silver)
    http://wapedia.mobi/en/German_gold_mark
    Last edited by D-Mack; 07-20-09, 12:05 PM.

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