Reichsmark germany 1920

The 1920 Reichsmark coin reflects post-World War I Germany, marked by economic instability and the onset of hyperinflation.

About this subject

The Reichsmark was introduced in 1924 as a replacement for the Papiermark, but the year 1920 still used the Papiermark officially. In fact, in 1920 the official currency was the Papiermark, which was already suffering severe devaluation due to World War I reparations. The Reichsmark only entered circulation in October 1924, after stabilization through the Dawes Plan. Therefore, a coin dated 1920 with the denomination 'Reichsmark' would be anachronistic, but could exist as a commemorative piece or error. German hyperinflation peaked in 1923, when 100 trillion mark notes were used to buy bread. The subsequent Reichsmark was an attempt to restore confidence, backed by gold. Numismatics studies these transitions, with rare coins from that era fetching fortunes at auction.

Frequently Asked Questions

What was the Reichsmark?

The Reichsmark was the official currency of Germany from 1924 to 1948, replacing the Papiermark to curb hyperinflation.

Why would a Reichsmark coin from 1920 be unusual?

The Reichsmark was only adopted in 1924, so a coin dated 1920 with that denomination could be a mint error or a later commemorative piece.

What was the Reichsmark's value in gold?

The Reichsmark was backed by gold, with 1 Reichsmark equal to 0.358423 grams of fine gold, based on the gold standard of the time.