Lot 306
1921 Rietberg 5 Pieces Notgeld Banknote Set (25, 50 Pfennig, 1, 2, and 5 Mark Denominations) UNCIRCULATED
1921 Rietberg 5 Pieces Notgeld Banknote Set (25, 50 Pfennig, 1, 2, and 5 Mark Denominations) UNCIRCULATED
Starting Bid: $10
(0 Bids)These emergency banknotes were released in 1921 by the city of Rietberg which was a Prussian province of Westphalia. They have various designs on their obverse and reverse, featuring landmarks of Rietberg such as castle walls, a castle, and St. Johannes Chapel. During and after WWI, money, especially small change, was in short supply and this was down to several reasons. There had been an expansion of the German occupied territories and too much real money had flowed to those new areas. Nickel coins were gradually withdrawn from circulation so that the metal could be used in the war efforts and peoples natural tendency to hold onto something of value, (i.e.) coins and banknotes, furthered the shortage. The value and price of silver had also risen dramatically so all the silver coins vanished from circulation, as their intrinsic value was higher than their face value. There had been a lack of small face-value regular change since 1916 and this was felt throughout the entire country. The striking of 50pf coins had taken far too long, it was stated by the national bank possibly due to lack of workers because of the war. The coinage was now being made from zinc and iron and then aluminum ..and today, there are still many metal notgeld coins from around 1917 that can be found by the collector. The declining value of the mark ensured that gold and silver was hoarded and if something had to be paid for, the paper money was used. As the wealth of Germany declined even further, metal almost disappeared from circulation and everyone had to rely on paper money. Some notgeld show this excessive production of paper money in their graphics: Please ask specific questions on details, condition, and shipping prior to bidding, ALL ITEMS ARE SOLD AS IS, and the bidder will be responsible for payment. We box and ship what we can to keep costs low, and use USPS and UPS. Large items, extremely fragile, and high value items will be packed by UPS. Quotes available on request
- Dimensions: varies
- Condition: ungraded uncirculated condition
Accepted Forms of Payment:
ACH, American Express, COD (cash on delivery), Discover, MasterCard, Money Order / Cashiers Check, Other, Paypal, Personal Check, Visa, Wire Transfer
Shipping
Auction House will ship Worldwide, at Buyer's Expense. PLEASE CONTACT PRIOR TO BIDDING IF YOU WOULD LIKE A SHIPPING QUOTE!!!! Allow a 24 hour period for quotes. Shipping quotes are figured before invoices are sent out. Multiple shipping companies (USPS, UPS, Fedex, Greyhound, etc) will be looked into for the best rate. Large paintings and other large items may be packed by a third party.
One Source Auctions
You agree to pay a buyer's premium of up to 21% and any applicable taxes and shipping.
View full terms and conditions
| From: | To: | Increments: |
|---|---|---|
| $0 | $49 | $5 |
| $50 | $99 | $5 |
| $100 | $199 | $10 |
| $200 | $499 | $25 |
| $500 | $999 | $50 |
| $1,000 | $2,999 | $100 |
| $3,000 + | $250 |