RARE: GERMANY ★ 4 PFENNIG 1932F! LOW START★ NO RESERVE!

+ RARE: GERMANY ★ 4 PFENNIG 1932F!
NO RESERVE!


Interesting and unusual denomination in attractive condition struck in Stuttgart in much smaller than Berlin quantity.
This coin was issued in 1932 in the midst of the Great Depression. Chancellor Heinrich Bruening's government decreed the issuance of this unusual face value on 8 December 1931, hoping that it would replace 5-pfennig coins and thereby help to reduce prices in those times of great economic hardship. The coin was, however, not very well-received by the population as it was awkward to use in a decimal system, and very few orders with the Central Bank were placed by banks and public institutions. Many of these coins circulated only for a short period and quickly returned to the Central Bank, despite instructions by the government to pay amounts of 2 marks in 4-pfennig coins. The coin was demonetized on 1 October 1933 after little more than a year in circulation. The coin's unpopularity explains its relative scarcity today.

 
KM#75
XF!!!
MASS 5.02 g

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