I have this coins. Couldn't find it on list. Don't know what to label it. Know it's a notgeld but can't figure the territory like all the others say such as Bavarian, Prussian, etc.....etc.....etc....
Message and title edited by Xavier for over-capitalization.
yes, both seem to be Weimar Republic - Notgeld.
First one is F#502.2A 10 Pfennig (Notgeld Sinzig)
Second one is not listed in my catalog. I read something like "STADTWERK" on the image.
That could point out that this is not official "Notgeld" but rather a factory token of some kind.
found one it says stadtwerk (bohler) 50 pfennig. wouldnt all notgeld be considered tokens though since they werent official ? factory token i dont know it seems authentic for era wondering the rarity of these did notgeld coins have mintage who produced these coins local blacksmiths and on the sinzig i just didnt see any other sinzig ones confused me
Notgeld (German for "emergency money" or "necessity money") was special money issued primarily in Germany and Austria to deal with economic crisis situations such as a shortage of small change or hyperinflation. It was not issued by the central bank (Reichsbank) but by various other institutions, e.g. town savings banks, municipalities, private and state-owned firms. It was therefore not legal tender, but rather a mutually-accepted means of payment in a particular locale or site.
so that stadtwerk dusseldorf coin was probably issued by the company of the same name i looked up dealing with electrical power and waste in the town of dusseldorf or maybe even a bank there sponsered by the company does that make sence ? i guess if you search hard enough you find all sorts of things out so would that still classify it notgeld i looked on world coingallery and they had no listing of it either in there notgeld section wonder why theres no number for it
It could be compared with New Zealand and Australia in the 1800's where coinage was in short supply, so private companies issued tokens to fill the void. But with Austria and Germany I believe it was municipal governments that issued the coinage.
well - Notgeld was legal tender - as long as it was handed over to the reichsbank and listed.
you could pay with a - for example - hamburg 10 pfennig coin in a bakery in dortmund or wherever.
It was a legal substitute. however: lots of factories produced their own money - mostly paper or
clothing material, too. to pay their workers and to have local commerce running. these issues were not
officially accepted money but could be used on a local basis only. a short article is already to be found
on the "Numisdoc"-pages here on Numista.
"Legal tender" means that people are legally obligated to accept it as a valid form of payment for debts. Lots of currency that's entirely legitimate is not actually legal tender. For example, the German rentenmark in was not legal tender, and modern Scottish pound sterling banknotes aren't either.
really? oh - ok. now I learned something.
maybe a translation error. What I meant is - these coins existed side by side with
official reichsmark curreny and local / private issues (mostly companies issuing their own money
for their workers - sometimes by use of very exotic material).
They had to be handed over to the Reichsbank and were listed there so that you could exchange and change
back money thoughout the reich for your notgeld coinage.
Quote: Magusand modern Scottish pound sterling banknotes aren't either.
They are legal currency, but not legal tender. English banknotes have the same status in Scotland...legal currency but not legal tender. About 90-95% of banknotes used in Scotland are Scottish. They are approved by the UK parliament.
