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FREE: Notgeld Bad Sooden Allendorf Germany Funfzig Pfennig

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Description

The listing, Notgeld Bad Sooden Allendorf Germany Funfzig Pfennig has ended.

I have 3 of these to list. No date but I believe it is 1920-21. Uncirculated. Very nice. Free shipping anywhere on earth.

Questions & Comments

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.

Jun 11th, 2010 at 3:38:18 PM PDT by

Notgeld was mainly issued in the form of (paper) banknotes. Sometimes other forms were used, as well: coins, leather, silk, linen, stamps, aluminium foil, coal, and porcelain; there are also reports of elemental sulfur being used, as well as all sorts of re-used paper and carton material (e.g. playing cards). These pieces made from playing cards are extremely rare and are known as "Spielkarten", the German word for "playing card".

Jun 11th, 2010 at 3:39:00 PM PDT by

The first large issue of Notgeld started at the outbreak of World War I. Due to inflation - caused by the cost of the war - the value of the material that a coin was minted from was higher than the value of its denomination. Many institutions started to hoard coins. Additionally, the metals used to mint coins were needed for the production of war supplies. This caused a massive shortage of metal for coinage, which was remedied by issuing banknotes in small denominations. "Wikipedia"

Jun 11th, 2010 at 3:39:41 PM PDT by

As these banknotes were very colorful, they soon became a target for collectors. As the issuing bodies realized this demand, they continued to issue these notes beyond their economic necessity up till 1922. Quite often the validity period of the note had already expired when the notgeld was issued. The sets that were issued in 1920 and predominantly in 1921 were usually extremely colourful and depicted many things, such as local buildings, local scenes and local folklore/tales. These sets (that were not actually issued to go into circulation) were known as "Serienscheine" (serial paper money)."Wikipedia on all the info"

Jun 11th, 2010 at 3:40:40 PM PDT by

gonna bid

Jun 13th, 2010 at 6:55:30 AM PDT by

Good. They have been going for low credits.

Jun 13th, 2010 at 7:48:42 AM PDT by

nice lesson!!!

Jun 13th, 2010 at 6:59:35 AM PDT by

Thanks.

Jun 13th, 2010 at 7:48:15 AM PDT by

I have some of these notes. I find them very interesting. Will bid. Thank you, Dan

Jun 13th, 2010 at 4:56:20 PM PDT by

Thanks Dan. They are all unique to. I havent seen too many of the same type.

Jun 14th, 2010 at 10:52:14 AM PDT by

haha! anywhere on earth huh..? will you ship to the Philippines?

Jun 17th, 2010 at 2:53:04 PM PDT by

Notgeld Bad Sooden Allendorf Germany Funfzig Pfennig is in the Collectibles | Coins category