April 12, 2024
GERMAN NOTGELD- Wattenscheid (Westphalia) 1920 50 Pfennig-RARE COIN!
Pricing & History
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Welcome ebay Bidders! The coin in the photographs is the coin up for auction. Obverse Legend: Wir Schaffen Doch (We create it). Wattenscheid was absorbed formally into Bochum in 1975. Please see item specifics for coin information. Please look at both sides of the coins to determine quality and confirm denomination, value & year (if applicable). Different names for Notgeld: Aine Grosche, Bezirkskriegsgeldermark, Ersatzgeld, Kreisersatzgeldmarke, Kriegsgeld, Kriegsnotgeld, Kriegsmünze, Kriegs-Notmünze, Kleingeldersatz, Kleingeldersatzmarke, Kriegswertmark, Notstandsgeld, Öcher Groshe, Verrechnungsmarke. Notgeld (German for "emergency money" or "necessity money") is the name of money issued by an institution not authorized for money emission. This occurs usually when money is not available from the government central bank. The best known emergency money emissions occurred in Germany and Austria-Hungary around the end of World War I, which is why the German term is used. Issuing institutions could be a town, savings banks, municipalities, private or state-owned firms. The first large issues of Notgeld started in Germany at the outbreak of World War I. Due to inflation, caused by the cost of the war, the value of the material that was used to mint coins was higher than the value of the coin's denomination. Many institutions started
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