FREE: 1938 Nazi Germany THIRD REICH Silver 2 Reichsmark - Paul von Hindenburg

The listing, 1938 Nazi Germany THIRD REICH Silver 2 Reichsmark - Paul von Hindenburg has ended.

Swastika-Hindenburg Issue

The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was 1 RM = 1012 Papiermark (one "trillion" in US English, one "billion" in British English, German and other European languages, see long and short scales). To stabilize the economy and to smooth the transition, the Papiermark was not directly replaced by the Reichsmark, but by the Rentenmark, an interim currency backed by the Deutsche Rentenbank, owning industrial and agricultural real estate assets. The Reichsmark was put on the gold standard at the rate previously used by the Goldmark, with the U.S. dollar worth 4.2 RM.

Production of silver 1 Reichsmark coins ended in 1927. In 1933, nickel 1 Reichsmark coins were introduced, and new silver 2 and 5 Reichsmark coins were introduced which were smaller but struck in .625 and .900 fineness so as to maintain the amount of silver. Production of the 3 Reichsmark coin ceased altogether. In 1935, aluminum 50 Reichspfennig coins were introduced, initially for just the one year. The nickel coins continued to be produced up to 1939. From 1936 on, all coins except the 1 Reichsmark and the first version (1935?36) of the 5 Reichsmark coin (bearing the image of the late Reichspräsident Paul von Hindenburg) bore the Nazi insignia.

SPECIFICATIONS
Composition: Silver
Fineness: 0.6250
Weight(g): 8.0000g
Weight(Oz): 0.26 Oz
Net Content: 0.16 Oz (5.00g)
Diameter: 25.00mm