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Germany's Deutsche Mark lives on
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Germany's Deutsche Mark lives on
stonej wrote:
http://www.dw-world.de/dw/article/0,...922627,00.html From the article: | Around 15 billion D-marks -- half notes and half coins -- were in | circulation by the end of 2005, said Uwe Deichert, a spokesman for | the Bundesbank, Germany's central bank. That "half and half" refers to the face value, by the way. If you look at the number of items still in "circulation", the figures are a little different: 184 million notes (total face value DM 7.5bn) 24.3 billion coins (total face value DM 7.2bn) So far 93 percent of the notes have been exchanged into ¤ cash but only 50 percent of the coins. And it is quite likely indeed that many of those coins will never be returned and melted :-) Christian |
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Germany's Deutsche Mark lives on
Christian Feldhaus wrote: stonej wrote: http://www.dw-world.de/dw/article/0,...922627,00.html From the article: | Around 15 billion D-marks -- half notes and half coins -- were in | circulation by the end of 2005, said Uwe Deichert, a spokesman for | the Bundesbank, Germany's central bank. That "half and half" refers to the face value, by the way. If you look at the number of items still in "circulation", the figures are a little different: 184 million notes (total face value DM 7.5bn) 24.3 billion coins (total face value DM 7.2bn) So far 93 percent of the notes have been exchanged into ¤ cash but only 50 percent of the coins. And it is quite likely indeed that many of those coins will never be returned and melted :-) Christian The old 0.625 silver 5 marks that were coined 1951-1974 are highly collectible. You won't (hardly) ever see those turned in. I have ten to twenty nice ones that I don't intend to dispose of. I have a baggie with maybe five or six marks of bronze, brass and clad pfs and mks. As much as I would not mind to dispose of these, there is no practical way to do it. oly |
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Germany's Deutsche Mark lives on
oly wrote:
The old 0.625 silver 5 marks that were coined 1951-1974 are highly collectible. You won't (hardly) ever see those turned in. I have ten to twenty nice ones that I don't intend to dispose of. Same here. Well, mine are in my collection :-) and I did change the doubles that I had into euro cash. I have a baggie with maybe five or six marks of bronze, brass and clad pfs and mks. As much as I would not mind to dispose of these, there is no practical way to do it. Sure, but that applies to all the coins we take home from other countries. (Unless we know that we will go there again soon, that is.) In case of the marks, there is the extra step of going to a Bundesbank branch office and getting euro cash for it, but basically it's the same problem ... Christian |
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