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Germany's "Wheat Cent"

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Lucky Cuss's Avatar
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4883 Posts
 Posted 11/10/2015  7:28 pm Show Profile   Bookmark this topic Add Lucky Cuss to your friends list Get a Link to this Message Number of Subscribers
Here's an interesting coin.

Toward the end of 1923, Germany adopted the rentenmark to replace the mark which had been rendered virtually worthless by a hyperinflation debacle. Bereft of precious metal reserves with which to back its currency, Germany resorted to the expedient of backing the new rentenmark with assets that were in large part agricultural in nature. As a stopgap measure, this worked well enough, and after a year of monetary stability, the German government was able to secure fresh loans, enabling it to then replace the rentenmark with the reichmark.

Like the previous mark which was divided into 100 pfennig, the rentenmark was divided into 100 rentenpfennig.

Germany's-

Germany's-
Colligo ergo sum
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Buddy's Avatar
United States
7075 Posts
 Posted 11/10/2015  7:44 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply
That's a great coin.

Thanks for sharing all that information.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 11/10/2015  8:03 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Nice

Wasnt their a design for the new cents in 2010, and one of them looked too similar to this so they didnt choose that design?
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