Description
Weimar Republic 2 Rentenpfennig Bronze Coin. Now available to you, 2 Rentenpfennig coins - belonging to the currency introduced by the Weimar Republic putting an end to the catastrophic post war hyperinflation of the early 1920's. Upon war's end, Germany was heavily indebted given the war's cost, it was additionally sanctioned at the Treaty of Versailles with heavy reparations imposed by the victorious allies. These factors combined lead to the infamous hyperinflation in Germany which saw people carrying basket loads of devalued currency to purchase mere groceries. To stabilize hyperinflation & its crippling effect on the economy, then Minister of Agriculture Hans Luther, proposed a stabilization plan by creating a new currency tied to something of physical value - land & property. This move backed the currency with something of value instead of the mere fiat value of hyperinflated papermarks. in 1923, the rentenmark was issued with an exchange rate of 1 Rentenmark to 1 trillion hyperinflated Marks. With inflation now fixed, the lifespan of this currency was brief, lasting only until 1925, substituted with the Mark at an exchange rate of 1 to 1. These Rentenpfennigs, essential in fixing Germany's infamous post war hyperinflation, an event extensively analyzed by historians & economists across the world, are now made available to you neatly protected inside our elegant glass top leather cases ready to be displayed in your collections! All artifacts sold on this page have been carefully examined for authenticity concluding that they are authentic & have been obtained from professional antiquarians who have also examined the artifacts & deemed them authentic. Your Order Will Include: -One original 2 Rentenpfennig Coin minted between 1923-1924. - Elegant Glass & leather display case - An official AncientArtifacts Certificate of authenticity Weimar Republic Coin - 2 Rentenpfennig
