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Germany and Austria - Notgeld - Emergency money (1917-1923)

Notgeld (German for "emergency money" or "necessity money") refers to money issued in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money (coins and paper money) produced in Germany and Austria during World War I and in the years before the stabilization of currency in 1923. Issuing institutions could be a town's savings banks, municipality and private or state-owned firms.The first large issue of Notgeld started at the outbreak of World War I. Numerous paper notes were made by hundreds of different authorities, many of dubious reliability. Coins were made as well, mostly of cheap metals (zinc, aluminum and iron) but also of porcelain, leather and even pressed coal.

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Notgeld (Emergency money) - Iron 10 pfennige, 1918, Langenschwalbach, Germany Notgeld (Emergency money) - Zinc 25 pfennige, 1917, Mulheim in Ruhr, Germany
Notgeld (Emergency money) - Iron 10 pfennige, 1918, Langenschwalbach, Germany
Notgeld (Emergency money) - Zinc 25 pfennige, 1917, Mulheim in Ruhr, Germany
Price: US$10.00
Price: US$8.00
 
Notgeld (Emergency money) - Zinc 10 pfennige, 1917, Fallingborstel, Germany Notgeld (Emergency money) - Zinc 10 pfennige, 1917, city of Duren, Germany
Notgeld (Emergency money) - Zinc 10 pfennige, 1917, Fallingborstel, Germany
Notgeld (Emergency money) - Zinc 10 pfennige, 1917, city of Duren, Germany
Price: US$8.00
Price: US$12.95
 
Notgeld (Emergency money) - Aluminum 10 pfennige, 1920, city of Lennep, Germany Notgeld (Emergency money) - Aluminum 10 pfennige, 1920, city of Witten, Germany
Notgeld (Emergency money) - Aluminum 10 pfennige, 1920, city of Lennep, Germany
Notgeld (Emergency money) - Aluminum 10 pfennige, 1920, city of Witten, Germany
Price: US$12.95
Price: US$12.95
 
Notgeld (Emergency money) - Zinc 10 pfennige, 1917, city of Flensburg, Germany Notgeld (Emergency money) - Iron 15 pfennige, 1919, Marburg State, Germany
Notgeld (Emergency money) - Zinc 10 pfennige, 1917, city of Flensburg, Germany
Notgeld (Emergency money) - Iron 15 pfennige, 1919, Marburg State, Germany
Price: US$12.95
Price: US$12.95
 
Notgeld (Emergency money) - Iron 20 pfennige, 1919, Crefelder Strassenbahn, Germany Notgeld (Emergency money) - Aluminum 10 goldpfennige, 1919, Elberfeld in Prussia, Germany
Notgeld (Emergency money) - Iron 20 pfennige, 1919, Crefelder Strassenbahn, Germany
Notgeld (Emergency money) - Aluminum 10 goldpfennige, 1919, Elberfeld in Prussia, Germany
Price: US$12.95
Price: US$13.95
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