The realm Mark became to 30. August 1924 as replacement for by the preceding Inflation in the years 1922 and 1923 completely cancelled paper Marks imported, after the currency had been stabilized before by the introduction of the pension Marks. The rate of exchange from paper Marks to realm Marks amounted to 1.000.000.000 .000: 1 (one trillion to one).
A realm Mark became a fictitious gold reserve of 1/2790 kg Feingoldlegally assigned. That corresponded the formal Vorkriegsgoldeckung. The realm Mark was not however contrary to the Goldmark (nearly) a pure gold standard currency and thus also not with the realm bank by the citizens at least partly in gold redeemable. Legal the redeeming obligation of the realm notes was in gold after §31the banking law specified - practically it was set however never into force! The emitted silver coins from 1 to 5 RM were all fractional coins and had the half Silbergehalt of the Vorkriegssilbermünzen from 1 to 5 Marks. With outbreak of the 2.Weltkrieges the silver coins became 2and 5-Reichsmark in large quantities of the population despite prohibition hoarded, so that they are to be received today still relatively frequently and cheaply for collecting tanks.
The realm Mark was a so-called. Gold core currency without visible gold coin circulation and thus practically a paper currency like today. Formal were however stillthe former 10 - and 20-Mark gold coins of the Kaiser era to 1938 legal tenders. Practically these did not emerge however in the exchange to their nominal value, since 1 realm Mark had already a smaller purchasing power than the Marks of 1914. The so-called “gold core” had essentially only a symbolic meaningin connection with clearing payment procedures with the foreign country.
1 realm Mark and/or. Pension Mark (RM) = 100 realm Pfennig and/or. Pension Pfennig (Rpf.)
With the currency reform of 20. June 1948 became the realm Mark at the same time with the last pension Mark notes invalidly and in the three west sectors of Germany those German Marks, introduced to the Soviet zone the German Mark (late Mark of the GDR ).
- German currency history, German money, German coins
- Marks, of Goldmark, paper Mark, of pension Mark, German Mark, of Finnmark, Marks of the GDR