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This is a notgeld struck by the town of Aachen during the 1920 inflation. Aachen, traditionally known in English and French as Aix-la-Chapelle, is a spa and border city in North Rhine-Westphalia, Germany. Aachen was the preferred residence of Charlemagne, and, from 936 to 1531, the place where 31 Holy Roman Emperors were crowned Kings of the Germans.
Notgeld (German for "emergency money" or "necessity money") refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money produced in Germany and Austria during World War I and the Interbellum. Issuing institutions could be a town's savings banks, municipality and private or state-owned firms.
Obverse
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A market woman facing left and city name bottom right. AACHEN |
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Reverse
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Facial value 1 Grosche means it had a value of 10 Pfennig. The word Öcher is local dialect for Aachener. 1 |
Edge |