Hamburg Verrechnungsmarke Coin Question

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Author	Replies: 6 / Views: 1,640
Squire Wilson Pillar of the Community Australia 653 Posts	Posted 07/28/2018 11:30 pm Recently I "picked up" a very "light" aluminium Hamburg 1923 Verrechnungsmarke Coin and added this to my collection Once again the purchase has offered me a challenge and in spite of inquiries on the Internet I have not been able to find a satisfactory explanation. In particular, I would be interested to know what the fraction "5/100" on the coin means. I believe this coin is an emergency issue by the Hamburgische Bank during, or immediately after the disasterous hyperinflation episode that afflicted Germany during 1923. Thanks a lot for your help Squire Edited by Squire Wilson 07/28/2018 11:35 pm Report this Post to the Staff

aiglet7 Pillar of the Community Canada 695 Posts	Posted 07/29/2018 01:24 am Your coin, shown here, during the hyperinflation period of the 1920's had a value of 5 Pfennig. shown on the coin as - 5/100. https://en.numista.com/catalogue/pieces65340.html Report this Post to the Staff
Squire Wilson Pillar of the Community Australia 653 Posts	Posted 07/29/2018 01:55 am Thanks a lot aiglet7 That is an incredibly small amount of money, particularly during hyperinflation times. I wonder if the coin was issued late in 1923 when the Rentenmark replaced the Reichsmark and twelve zeros were removed from the denomination of the banknotes. Squire Report this Post to the Staff
aiglet7 Pillar of the Community Canada 695 Posts	Posted 07/29/2018 2:44 pm @Squire Wilson - you might find this interesting as to what could be purchased and for how much:- http://www.joelscoins.com/exhibger2.htm Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 07/29/2018 7:23 pm Because these tokens were issued by a city-state rather than by a city or town (or private individual) and were issued "GEPRÄGT MIT GENEHMIGUNG DES SENATS" (struck by approval of the Senate), these notgeld tokens are actually listed in the mainstream Krause catalogues as government-issued tokens, under "Hamburg". Here's the NGC database entry. They also come in 1/100 and 1/10 denominations. 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 Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 07/29/2018 7:30 pm As far as the timing, it is my understanding that this was in fact a separate currency to the official German government mark. At the height of hyperinflation, nobody was using banks or saving their money, but rather they were spending it as soon as they could. The Hamburg Bank, in an effort to get people back into banking and to keep people's savings from vanishing altogether, issued its own "reckoning mark" and kept its accounts in this, rather than in government marks. To back this new currency, the bank issued these token-coins as well as token-paper-money for spending within the city-state. 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 Report this Post to the Staff
Squire Wilson Pillar of the Community Australia 653 Posts	Posted 07/31/2018 06:28 am Thanks a lot Sap and aiglet7 Some great information and resources Once again the response has been beyond my expectations Squire Report this Post to the Staff
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