1920- German Notgeld 1 Mark Municipality of Grammby
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1920- German Notgeld 1 Mark Municipality of Grammby
Numista Rarity index:94 ( index 0-100 meaning 0 very common 100 very rare)
Features Issuer Municipality of Grammby (Prussian province of Schleswig-Holstein) Period Weimar Republic (1918-1933) Type Local banknotes Year 1920 Value 1 Mark Currency Mark (1914-1924) Composition Paper Size 90.8 × 62.1 mm Shape Rectangular Demonetized Yes
Notgeld (German for 'emergency money' or 'necessity money') is money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This usually occurs when not enough state-produced money is available from the central bank. In particular, notgeld generally refers to money produced in Germany and Austria during World War I and the Interwar period. Issuing institutions could be a town's savings banks, municipalities and private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance.
Please see ALL IMAGES for Condition- Multiple Images Uploaded - The pictures of the items form part of the description Please Note: On the Bank Notes I am not using Uncirculaded in the description because there are different opinions on what a UNC note or coin is. Colours depicted in the photos of items may differ from the actual colour of the items due to many factors including the light and the time of day that the photos are taken. I always try to get the description 100% correct with some research but can get it wrong sometimes ..
