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1934A German Third Reich Silver 5 Reichsmarks (1st anniversary, no date)

Obverse
Reverse
Item Notes
General
Type: German Third Reich Silver 5 Reichsmarks (1st anniversary, no date) 
Years: 1934 - 1935  Cat. Num.: KM# 83 
Country: Germany  Period: Third Reich 
Currency: Reichsmark  Face value: 5 Reichsmarks 
System: Reichsmark coinage  100 Reichspfennig = 1 Reichsmark 
Desgr/Engr:  
Subject: 1st Anniversary Nazi rule 
Obverse: Potsdam Garrison Church 
Reverse: Eagle divides date, denomination below 
Edge: Incused lettering 
Issue
Year:
1934A
Mint: Berlin 
Mintage: 14,526,000 
Scarcity:
Valuation:
 
Notes:  
Grades & Prices Available 
(VF+)
$21.50
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Specifications
Alignment:
Medal 
 
Composition: Silver 
Fineness: 0.9000 
Weight(g): 13.8800g 
Weight(Oz): 0.45 Oz 
Net Content: 0.40 Oz (12.49g) 
Bullion Value: $7.10 
Diameter: 29.00mm 
Thickness:  
Description

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.

In 1924, coins were introduced in denominations of 1, 2, 5, 10 and 50 Reichspfennig, and 1 and 3 Mark (not Reichsmark). The 1 and 2 Reichspfennig were struck in bronze, with the 5, 10 and 50 Reichspfennig in aluminium-bronze and the two highest denominations in .500 fine silver. In 1925, .500 fine silver 1 and 2 Reichsmark coins were introduced for circulation, along with the first commemorative 3 and 5 Reichsmark coins. In 1927, nickel 50 Reichspfennig coins were introduced along with regular-type 5 Reichsmark coins, followed by the 3 Reichsmark coin in 1931.

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, aluminium 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.

Value Range 
Year Mintage G F VF EF AU UNC BU PROOF
1934A 14,526,000 $10.50 $18.50 $24.50 $32 $43 $48
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