NOTGELD PAGE
7/22/05

Notgeld means 'emergency money'. It was issued in Germany 1914-23 by many cities, towns, companies and private and commercial interests. Most were struck to help with the shortage of small change. 

In July, 1922 the mark was 500 to the $1, with the first reparations payment due.

In late October, 1922 with the second reparations payment due, the mark fell to 4,500 to $1.

In January, 1923 the Allies marched into the Ruhr, with the mark standing at 10,200 to $1. And in April, 1923, hyperinflation started!

By the end of November, 1923 on the black market, the rate rose to 12 trillion to $1, but the losers were the speculators who kept the flames of inflation white hot, despite the official rate being pegged at 4.2 trillion to $1.

Kriegsgeld means 'war money' and was issued during WWI.


BONN:  5 PFENNIG, 1917, 1918, 17.5 MM; 10 PFENNIG, 1919, 1920, 21 MM; 50 PFENNIG, 1920, 26 MM.
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COBLENZ:  10 & 25 PFENNIG, 1918, 20 & 24 MM; 10 & 50 PFENNIG, 1921, 21 & 26 MM.
 


HAMBURG:  1/100 VERRECHNUNGS MARKE, 1923, 20.5 MM.
  


LENGSFELD:  25 PFENNIG, 1921, 22.5 MM, PORCELAIN.


OEHRINGEN:  5 PFENNIG, 1917, 18 MM.
Öhringen, Germany, iron 5 pfennig, 18 mm, 8 sided, kleingeld (change). Öhringen, Germany, iron 5 pfennig, 18 mm, 8 sided, kleingeld (change).


SINZIG:  5 & 10 PFENNIG, 1919, 18 & 23 MM.



STETTIN:  50 PFENNIG, 1920, 23-26 MM.



WESTPHALIA:  5 & 10 MARK, 1921, 31 & 38 MM.


 
Here's a great link for a list of many Notgeld and their values: Joel's Coins

Have any more info? Email me and I'll post it here.

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