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Germany 1917 10 Pfennig KRIEGSGELD NOTGELD

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 central bank. The most well know emergency money emissions occurred in Germany and Austria-Hungary around the end of the first World War, that's why the German term is used. Issuing institutions could be e.g. town savings banks, municipalities, private and state-owned firms. It was therefore not legal tender, but rather a mutually-accepted means of payment in a particular locale or site. Notgeld is different from occupation money that is issued by an occupying army during a war.

 

Item #: 8
Price: $6.00 (USD)
Status: Available
Condition:
Number in stock: 1
Location: San Juan, Puerto Rico
Last update: 10 years ago
Visitors: 1907
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