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 Replies: 12 / Views: 1,748 |
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New Member
Sweden
6 Posts |
Hi, my name is Stefan spett.
I have been sifting the interweb looking for information about Reichspfennig demonetazing.
The banknotes were demonetized in 1948. But I cannot find corresponding dates for coinage.
Zinc-coins with swastikas must have continued circulated for some time.
Does some kind soul in here have this information ?
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Pillar of the Community
United States
8137 Posts |
 I think I can partially answer your question. The Reichsmark continued to be used after the war was over, but the allies removed the swastikas from the reverse. The Reichsmark was replaced by the Dustche mark in 1948, so I assume it was in 1948 when the coinage changed. |
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Bedrock of the Community
Australia
21788 Posts |
Stefan: to the Coin Community Family !It may be worth speaking directly to a public relations person in the German Mint on this subject. Edited by sel_69l
11/18/2015 08:11 am
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New Member
 Sweden
6 Posts |
It seems to me that not enough new coins had been made until some way into the fifties. New banknotes were issued in 1948 in denominations down to 5 pfennig.
But at what date were coins with swastikas demonetized ? I can´t find it.
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Moderator
 United States
188660 Posts |
to the Community! I moved your welcome post to the appropriate forum for the proper attention.  |
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Pillar of the Community
United States
4883 Posts |
Welcome, Stefan.
Many factors preclude a simple answer to your question, as postwar Germany's economy was initailly in utter chaos, with black markets and bartering being the norm. Hoards of silver Third Reich coinage which might've been used to have purchased what little there was to buy would've been risky to flaunt. There's no doubt that the currency reform of 1948 certainly ended the circulation of any remaining coinage bearing swastikas. And, as noted above, prior to that, as part of the senazification process, similar coinage dans swastikas was struck under the authority of the occupying powers, at least the western ones. But what was occurring in this regard in the Soviet zone may not have been in conformance with this scenario. A further complication was the widespread circulation of Allied Military Currency.
My sense is that minor Nazi era coinage, at least that which wasn't carted home by soldiers as war souvenirs, likely continued to be used for very limited purposes until 1948, when it was officially demonetized.
Colligo ergo sum
Edited by Lucky Cuss
11/18/2015 7:37 pm
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Pillar of the Community
United Kingdom
2624 Posts |
Krause catalogue doesn't give dates for the withdrawal of the Nazi coins but shows that none were minted after 1945.
The de-Nazified coinage there is an example with 1944 on it (only one known) and then the mintages in 1945 were 2,984,000 for the 1 pfennig and 5,942,000 for the 10 pfennig with more coins produced in 1946 and 1947...
There were also pre-existing coins bearing no swastika (military coinage used in occupied countries) I wonder if these had any utility?
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New Member
Sweden
6 Posts |
My findings so far:
Silver likely disappeared from daily transactions in september 1939 when small Rentenmark banknotes were introduced.
Nickel-coins was demonetized 1940.
Bronze-coins was demonetized 1942.
Nazi-era 10 Pfennigs was likely demonetized 4 january 1949.
My source is not a good one. It is not stated if West- or East-Germany is meant. It also states that the later zinc-coins was demonetized the 4 january 1948, the earlier aluminium-bronze coins the same day in 1949. I find that unlikely.
January 1948 is unlikely for the demonetitizing because the 10 (Deutschmark-) pfennig banknotes wasn´t released in the west until 20 august 1948.
For the smallest denominations 1- and 5-pfennig the jury is still out.
It looks like swastika coins disappeared from cirkulation 1949 in West Germany, a little later in the east. .
Will advise.
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Moderator
Australia
16831 Posts |
20th June 1948 was the official date of the withdrawal of the reichsmark and introduction of the Deutsche mark, both coins and notes. "Circulation" of the old reichsmark had practically stopped by then; people were bartering for essential goods, and shopkeepers preferred to have empty stores than be forced to sell their goods at the prices fixed under the Nazi regime (pricing regulations which the Allies had never bothered to revoke). The new currency was introduced at the same time that price controls were eliminated; this proved extremely popular and the old coins and notes would not have circulated for very long at all.
Under the new scheme, the old coins were barely worth the metal they were made out of as the exchange rate was not 1:1. I'm not sure what the exchange rate would have been if you tried to bank a pile of reichsmark coins in late 1948, but I'm guessing it would have been at the official bank balance rate of 10 reichsmark to 0.65 Deutsche marks.
The old pre-war Nazi and Weimar coins might have "circulated" accidentally or deliberately, as they were the same size and colour as the Deutsche mark coins, but they would not have been recognized as legal tender and would probably have been refused by the banks if they spotted one.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
Sweden
6 Posts |
No Deutsch-mark coins existed before january 1949. Ostmark coins arrived later.
When the cigarett-economy disappeared in 1948 the old coins must have reappeared until enough new coins had been made.
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New Member
Sweden
6 Posts |
I managed to find out what german words to use for googling.
During 1947-50 the different pfennig coins was demonetized at different times and in different order in Saar, Austria, Soviet zone, West Berlin and Trizone.
It looks like some cooperation and planning took place.
In the Soviet Zone 1 pfennig-coins was current until 1 april 1950.
The austrians forgot to demonetize 1 pfennigs, they are still legal tender in some sense.
The pfennigs without swastikas did not get any special treatment.
I hope someone found this interesting.
Edited by spett
11/19/2015 04:48 am
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Pillar of the Community
Australia
560 Posts |
The 5 Reichspfennig could have still circulated in Austria as the 5 groschen, as they were the same size and metal.
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New Member
Sweden
6 Posts |
So they did. The 5 Pf was legal tender in Austria until 1 october 1950.
As I said the 1 Pf never got demonetized I Austria. I wouldn´t be surprised if the Soviet Zone of Austria got flooded with them after they were pulled of market in East Germany. But being zinc and nearly worthless they just faded away.
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Replies: 12 / Views: 1,748 |
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Posted 11/18/2015 08:07 am
