German mark (1871)
The German mark (German: Goldmark [ˈɡɔltmaʁk] ⓘ; sign: ℳ︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold coins ceased to circulate.
| Mark (German) | |
|---|---|
German 20 mark banknote from 1914 | |
| Unit | |
| Plural | Mark |
| Symbol | ℳ︁ |
| Denominations | |
| Subunit | |
| 1⁄100 | Pfennig |
| Plural | |
| Pfennig | Pfennig |
| Symbol | |
| Pfennig | ₰ |
| Banknotes | 5, 10, 20, 50, 100, 1000 Mark |
| Coins | 1, 2, 5, 10, 20, 25 Pfennig 1⁄2, 1, 2, 3, 5, 10, 20 Mark |
| Demographics | |
| User(s) | German Empire • German colonial empire |
| Issuance | |
| Central bank | Reichsbank |
| This infobox shows the latest status before this currency was rendered obsolete. | |
After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the Papiermark (lit. 'Paper mark') due to hyperinflation in the Weimar Republic from 1918 to 1923.
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