| Generally, “notgeld” is money issued during a time of economic or political crisis, often by an institution without official sanction from the government, at a time when money is not readily available from the government central bank. Most commonly, notgeld were issued in Germany from World War I through the period of hyperinflation in the early 1920s. Notgeld was often in the form of paper money, but was also issued in coins of various compositions. The notgeld piece offered here is a 1923 Westphalia Germany 10000 Mark gilt coin which has been graded MS64+ by PCGS and is encapsulated in the newer-style edge-view holder. The coin has been cataloged as Jaeger-N20a and the reference has been noted on the PCGS label. For the type, this is a very nice looking high-grade specimen with wonderful gold color with only slight discolorations on the high points of the design. The coin otherwise has no major hits or marks of note. The coin also has decent luster and slightly prooflike fields which do not show in the photos provided. An overall great looking near-gem notgeld piece. |
![[Michael Kittle Rare Coins Logo Image]](MKRClogo800.jpg)
