GERMANY WESTPHALIA 50 million mark bronze notgeld 1923

$45.00

GERMANY, WESTPHALIA, notgeld, 1923, Obverse: head of vom Stein L, MINISTER VOM STEIN DEUTSCHLANDS FÜHRER IN SCHWERER ZEIT 1757-1831, Reverse: horse, 50 MILLIONEN MARK, bronze, 43mm, U2-9, a few tiny spots, AU-Unc

1 in stock

SKU: 3022758 Categories: ,

Description

Most German notgeld was made by town governments. The Westphalian tokens were made by a state government and were more ambitious in scope.

The Germans have been fans of round, flat, shiny objects since the 2nd century BC, when they made imitations of Greek coins. Coin manufacture was deeply decentralized until the 19th century, extending to jetons and medals starting in the 16th century. Local tokens began to supplement the normally chaotic coinage situation in the markets from the late 17th century. Production of tokens and medals boomed in the 19th century, and was going strong into the 1990s.

A token is used like a coin but is not a coin. Rather, it stands for a coin without the value of the coin. Maybe its copper, but says its value is the same as a silver coin. Usually tokens were made privately, but sometimes governments got involved.

The word “exonumia” is used to describe all kinds of things that are “like” coins but are not coins. I wrote a blog post on that subject. Basic categories: 1. used like a coin but not issued by a national government, 2. looks like a coin but not made for spending, 3. other things that we are interested in.