I am no imperial collector and i have no clue what this coin is, is it lokal money or canteen money. If anybody knows what this is please let me know
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Kokstok,
This is a wartime emergency coin issued by the city of Dueren with a valuation of 10 Pfennigs. Later in WW1, there was a tendency to by the populace to hoard coins. Due to the shortage of hard currency, many cities issued their own coins which could be redeemed at stores in the city. I found a coin dealer with two of these for sale and the price is listed at $25 australian. Here is the link
http://www.iswright.com.au/result-mi...php?subcat=211
Dan Murphy
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I do not believe every city did this, probably just some of the larger ones. One of the problems with this is they were probably only redeemable in the city of issue. There is no way the German government would exchange these for officially minted money. If you pay a quarter for a token at a video game center, can you take it to the bank and get your quarter back? No!!!
Dan Murphy
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Notgeld
This is an example of coin notgeld, there is a lot more notgeld in paper form. Most of the larger cities that could afford to, issued the coin form and many more cities,towns etc issued the paper form to make up for the lack of real money in circulation. This was token coinage meaning that it was not legal tender and every issuer made their own redemption rules and deadlines. The Duren 10 pfennig is fairly common and can be found for 3-5$ Later on as the inflation got worse the coin form ceased being made and was replaced by paper in ever increasing denominations. Besides cities, private companies and organizations issued 1000's of notes, many just for collectors. If memory serves me right there are over 20,000 cataloged types of German paper notgeld alone! A heck of a collecting field. Fred
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Tom Y
There were some really neat Notgeld coins made of porcelain, too. The city that immediately comes to mind id Dresden.
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Originally posted by Tom YThere were some really neat Notgeld coins made of porcelain, too. The city that immediately comes to mind id Dresden.
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