Tuesday, May 26, 2009

Picture Of The Day : Notgeld Not Gold

Many years ago I found a small collection of German emergency money in a second-hand shop and paid a few pounds for it. The emergency notes (known as Notgeld) date from the period following the end of World War 1 and they were issued by Local Municipalities and local Savings Banks. They were never legal tender, but they were accepted locally during a period when metal coins were in short supply because of either the war or the post-war economic crisis. They were widely issued in both Germany and Austria and examples can sometimes be found from countries such as France, Spain and Russia. Over the years I have added to my collection and I now must have 200 or so of them. I suspect that if one checked on eBay, they will not be worth a vast amount, but they are interesting and a reminder of previous economic crises. Not a crop of gold, just a crop of Notgeld.

No comments:

Post a Comment

Down The Sepia Path

  This is an old sepia photograph, taken from one of the many old album pages that litter my room. Many people believe that the sepia colour...