WORLD WAR I REMEMBERED   

2014 to 2018 marks the 100th Anniversary of World War I, also known as "The Great War" or the "The War to End All Wars".   The war and its aftermath created numerous coin and currency issues.  Old empires were swept away and new nations created. The lands of the former Austro-Hungarian Empire went to the form the nations of Austria, Czechoslovakia, Hungary and with parts going to create Poland and Yugoslavia. The collapse of the Czarist government of Russia brought on by the Bolshevik Revolution allowed Finland, Estonia, Latvia, Lithuania and Poland to gain independence.  Other portions of the Russian Empire also gained temporary independence before coming back under Russian control.  From the lands of the Ottoman Empire: Turkey, Iraq, Syria, Lebanon, Palestine (now Israel, Jordan and maybe someday an independent Palestine), Kingdom of Hejaz and the Sultanate of Nejd (today Saudi Arabia), the Mutawakkilite Kingdom of Yemen, and the Arab States of the Persian Gulf were created.    The financial and political instability that followed the war helped instigate World War II. This page includes a number of historic banknotes and coins associated with World War I and its aftermath.  

THE BEGINNINGS

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GERMAN EMPIRE COIN SET INCLUDES SILVER  

In 1871 Otto Von Bismark united the German States under Prussian King Wilhelm I, forming the Second Reich, also known as the German Empire. The Empire disintegrated as a result of World War I.  This six-coin set includes the silver 1 Mark, which was minted from 1873 until 1916; the silver 1/2 Mark, minted from 1905 to 1919; the copper-nickel 5 and 10 Pfennig and the copper 1 and 2 Pfennig, which were minted from 1874 to 1916.  All six coins feature the Imperial German Eagle on the reverse and the denomination on the obverse.  The coins grade Fine or Extra Fine. 

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MAGNIFICENT GERMAN EMPIRE & WEIMAR REPUBLIC NOTES OF GERMANY

These large, beautiful German notes were issued before, during and after World War I by both the German Empire and the Weimar Republic.  The blue 100 Mark is dated 1908   Regardless of when the notes were actually printed, they always carried the original date. The notes issued by the German Empire have a red seal and serial numbers.  The Weimar Republic continued to issue the notes with the same date and designs from 1918 to 1922, but with a green seal and serial number.  The 100 Mark note features the crowned imperial German eagle on one side.  The other side features allegorical figures representing industry and agriculture holding a large portrait of the Norse goddess Freya. Freya is associated with gold, love, sex, beauty, war and death.  Her name is the basis of the day of the week Friday.  The note measures 160x105mm.  When first issued in 1910 the note was worth about $24 (which had the buying power of about $600 today!).  By the end of 1922 it was worth less than a cent.  These unusual "multi-government" notes are impressive pieces of historical currency.

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1910 GERMAN EMPIRE BANKNOTE SET  

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CZARIST AND BOLSHEVIK 5 RUBLE NOTES OF RUSSIA

World War I brought the fall Russian Empire.  Initially the new Russian governments issued banknotes utilizing the same date and designs as the Czarist issues, making only a change in the serial number.  The beautiful blue and pink Russian 5 Ruble note dated 1909 was first issued by the government of Czar Nicholas II.  When first issued it was equivalent to 3.87 grams of gold, which is worth about $160 today! The large vertical format note is 99mm x 158mm.  The design incorporates the Romanov Imperial Eagle on both sides. The notes issued by the Czarist government had a full serial number consisting of two letters and six digits.  After the fall of the Czar in 1917 the notes continued to be issued by both the Provisional Russian Government and the Bolsheviks, still dated 1909, but with only a series number consisting of two letters and 3 digits instead of a serial number.  They are large, impressive. large pieces of historical currency from a turbulent time in Russian history.

Reduced size image

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THE WAR YEARS  1914-1918

LAST SILVER COINS OF THE GERMAN EMPIRE  

With Germany’s defeat in World War I, the German Empire, also known as the 2nd Reich, came to an end. This set includes the two last silver coins issued by the German Empire: the 1/2 Mark and 1 Mark. Both feature the crowned Germanic Eagle on one side and the denomination on the other. The 1 Mark was minted from 1873 to 1916.  The 1/2 Mark was minted from 1905 until 1919. The 1/2 Mark is about the size of a nickel, the 1 Mark is about the size of a quarter. Both are struck in .900 fine silver.  We offer the set in two grades: Circulated and Uncirculated.  The coins in circulated sets grade Very Fine to Extra Fine and date from about 1900 to 1919.  The Uncirculated coins date from the war years of 1914 to 1918. With the outbreak of World War I, the coins were extensively hoarded, thus are available today at reasonable prices.

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HISTORIC WORLD WAR I BANKNOTES OF GERMANY

This set includes eight different attractive and historic banknotes issued by Germany during World War I. The war caused a major strain on Germany's monetary system.  People hoarded coins and large sums were needed to pay for the war effort.  Notes issued by the Reichsbank were backed by gold and could be exchanged for gold upon demand.  Shortly after the war started the Reichsbank suspended converting the notes for gold, though notes issued by the Reichsbank were supposedly still backed by gold.  Far more money was needed for the war effort than Germany had gold, so a new series of notes without any backing, called Darlehnskassenschein, were issued.  The notes were technically an interest-free loan to the government.  The Reichsbank and Darlehnskassenschein notes circulated together at par. This eight note set includes the 20 Mark Reichsbanknote issued dated February 19, 1914.  When initially issued the note could be redeemed for .23 troy ounces of gold.  A second Reichsbank 20 Mark note was issued dated November 4, 1915. The front of the handsome blue note features two men pouring coins from cornucopias.  The back depicts a man rolling up his sleeves for work during the day and a woman sleeping at night.  In August 1914, just a few months after the war started 1, 2, 5 and 50 Mark Darlehnskassenschein notes were issued. The small 1 and 2 Mark notes was issued to replace the silver coins that disappeared from circulation due to hoarding.  Both notes have embossed seals.  The blue 5 Mark note features two allegorical heads of Germania, the imperial crown, scepter and sword.  The brown 20 Mark note includes the heads of Minerva and Mercury and the imperial eagle.  The 50 Mark note, though dated 1914, was not actually released until early 1916.  In 1917 a new, attractive 5 Mark Darlehnskassenschein note was introduced.  The note dated August 1, 1917 features he head of a young woman with flowers in her hair on the front and the imperial crown with oak leaves on the back.   The dark brown 20 Mark note dated February 20 1918 was the last Darlehnskassenschein note issue of World War I. The front depicts the heads of Minerva at the left and Mercury at the right.  The back features a knight in armor and an allegorical woman. The note measures 140x90mm.  The eight notes grade Very Good to Very Fine.  Because we purchased a large hoard of German banknotes at a good price, we can offer this historic set well below its current catalog value

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EMERGENCY WORLD WAR I 50 PFENNIG NOTE OF KIEL, GERMANY

Kiel is an important seaport located at the mouth of the Kiel Canal which connects the Baltic Sea to the North Sea.  It was also a major base for the German Imperial Navy.   By the beginning of 1918 the war effort was not going well for Germany.  Though the German government continued to mint silver 1/2 Mark coins, they were hoarded almost as soon as they were minted, resulting in a serious coin shortage.   To help alleviate the shortage and allow merchants and citizens to carry on commercial transactions the city of Kiel issued this emergency 50 Pfennig note dated January 1, 1918. The note measures 95 x 54mm. The front features the denomination and date in words and has a green under-printing depicting ships on the ocean.  The back features the Kiel city hall.  

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EMERGENCY WORLD WAR I BANKNOTE OF KIEL

This 10 Mark note was issued by the German city of Kiel in the closing days of World War I.  It is dated October 15, 1918, less than a month before the end of the War.  Kiel, located on the strategically important Kiel Canal which connects the Baltic Sea to the North Sea, was a major base of the Imperial German Navy. By 1918 Germany was in a near hopeless position.  The Americans had entered the war against Germany. Morale of its citizens and armed forces was low.  The economy was a wreck. It could not produce food to feed its populace nor produce enough arms to continue fighting.  On October 24, 1918 the order was given for the German fleet to attack the Royal Navy in hopes of gaining a stronger negation position for favorable peace terms.  Seeing the hopelessness of their situation, sailors of the German High Seas Fleet instead mutinied. By November 4, the sailors, joined by soldiers and workers had taken over the entire city of Kiel, taking control of both military and public institutions. Revolts quickly spread to other cities throughout Germany. On November 11, Germany having been abandoned by its allies and tittering on collapse signed the armistice bringing an end to World War I.  The note was an emergency issue that was to expire on May 1, 1919, less than seven months after its issue date. It measures 136x87mm and depicts the Kiel city hall on the back.  It is a little known but historic note issued during a turbulent period of history.

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WWI AUSTRIAN POW CAMP NOTES

These currency notes were issued for the Aschach A.D. Prisoner of War camp during World War I.   The camp was located near the small town of Aschach an der Donau, which is in Upper Austria on the Danube River. The POW Camp primarily held Officers and Non-commissioned officers from Serbia and Montenegro. The Serbian government estimated some 6000 of its citizens died at the camp due poor living conditions, lack of hygiene and inadequate medical care.  Today Aschach is a town of about 2000 people, which is not much larger than it was during the Great War. Minimal effort was spent on designing the notes.  Both notes feature the same design on both sides.  The front and back of  both of these notes have the same design which features a "modern" Austrian eagle. The light blue notes were issued from about 1916 to 1918. Both measures 110 x 70mm.

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WWI HUNGARIAN WAR BOND

This large (15.75" x 9.75", 25 x 40cm) bearer bond was issued by the Royal Hungarian Ministry of Finance on May 12, 1917 for 50 Crowns (Krona). The bond is written in four languages: Hungarian, German, French and English. At the time Hungary, as part of the Austro-Hungarian Empire, was engaged in World War I and needed funds to continue its war effort. Only about 5% of the cost of Hungary's war effort was covered by regular government revenue (taxes, etc.) Most of the rest came from issuing bonds or borrowings from the Central Bank. All citizens and soldiers were expected to purchase bonds to support the war effort. The bond paid 6% annual interest, tax and duty free. Included with the bond was a sheet of semi-annual coupons.  The bond had no maturity, but was callable any time after August 1, 1922.  That never happened.  With the defeat and breakup of the Austro-Hungarian Empire in November 1918 and the enormous level of debt accumulated during the war, the value of the currency - and the bonds collapsed.  It is an historic World War I bond that has never been redeemed.

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BEAUTIFUL WORLD WAR I  ERA ITALIAN SILVER COIN 

Victor Emmanuel III (Vittorio Emanuele III) became King of Italy in 1900.  His reign lasted 45 years, spanning both World War I and World War II.   He was an avid numismatist, which may explain why he issued such attractive coins.  The designs of his coins reflect that of ancient Italy.  From the World War I era we have this wonderful silver 2 Lire coins issued from 1914 to 1917.   The reverse features a quadriga (an ancient 4 horse carriage) pulling a helmeted woman holding an olive branch and a shield. The design is based on ancient silver coins of Sicily.  The obverse has the bust of King Victor Emmanuel III.    The 2 Lire is struck to the standards of the Latin Monetary Union.  It is 27mm, weighs 10 grams and is struck in .835 fine silver.  It is a beautiful and historic World War I silver coin.

Also see:

SILVER ALBANIAN COIN OF ITALIAN KING VICTOR EMMANUEL III: 5 Lek 1939 KM33

SILVER COINS OF THE KINGDOM OF ITALY:  
Victor Emmanuel II  1 Lire KM5a  1863-67
Victor Emmanuel II  5 Lire KM8 1869-78
Umberto I   1 Lire KM24 1884-1900
Victor Emmanuel III   1 Lire KM45 1908-1913

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WORLD WAR I SILVER COIN OF THE GRAND DUCHY OF FINLAND

This silver 25 Pennia struck by Finland was struck during World War I.  From 1809 to 1917 Finland was called the Grand Duchy of Finland.  The title Grand Duke of Finland was held by the Czar of Russia,  Though ruled by Russia, Finland  had a high degree of autonomy and its own coinage.  This 16mm silver coin is dated from 1915 to 1917.  The denomination and date within a wreath is on the reverse.  The obverse features the crowned Czarist double-headed eagle with the arms of Finland on its breast. The coin was struck by the Helsinki mint. An "S", for mintmaster, Isac Sundell is below the eagle.  Sundell, was quite a survivor.  He managed to hold his office for 35 years, from 1912 to 1947 through World War I, Finland's War of Independence, and World War II.

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UNCIRCULATED COIN FROM FINLAND’S CIVIL WAR

Finland was a Russian possession from 1809 until 1917.  The collapse of the Czarist government in March of 1917 created the opportunity for Finland to demand independence.  Fighting broke out between various pro-Russian and anti-Russian factions.  The Provisional Russian Government of Alexander Kerenski, often called the "White Government"  issued these coins for the pro-Russian forces fighting in Finland.  The design is similar to the previous Czarist issues, featuring the denomination on one side and the Russian eagle with the Finnish lion on its breast on the other,  however the Czarist crown was removed from the eagle.  In November 1917 the Bolsheviks took over Russia, and on December 6, 1917 Finland gained independence, thus ending this short-lived series. We have an Uncirculated copper 1 Penni from this series.  The 15mm coin still displays its original mint luster, however may have a few minor spots or dark areas.   The price is remarkably low for an historic, 100 year old coin in Uncirculated condition.

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ATTRACTIVE WORLD WAR I ERA UKRAINE NOTE

This attractive, large (191x120mm), 1000 Karbovantsiv note was issued in 1918 during Ukraine's brief period of independence following the collapse of Czarist Russia during World War I.  The undated note features two allegorical women and the emblem of the Ukrainian People's Republic, which is still used by Ukraine today.  In 1920, after two years of civil wars and foreign intervention, Ukraine was forcibly incorporated into the Soviet Union.

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THE AFTERMATH

BIG BEAUTIFUL UNCIRCULATED BANKNOTE OF SHORT-LIVED GERMAN-AUSTRIA

German-Austria (Deutsch-Österreich) was a short-lived republic that was created after World War I after the collapse of the Austro-Hungarian Empire.  It claimed sovereignty over the German speaking portions of the former Hapsburg Empire.  Not seeing itself as a viable nation, having lost the agricultural lands of Hungary and the industrial areas of Bohemia (Czechoslovakia) it planned to join Germany as part of the Weimar Republic. However, treaties forced upon Germany and the Austro-Hungarian Empire following their defeat prevented this.  The Treaty of Versailles prohibited its unification with Germany, and the Treaty of Saint Germain prohibited it from calling itself German-Austria.  The modern Republic of Austria was then created out of the central core of German-Austria, with other areas claimed by German-Austria becoming parts of Czechoslovakia, Yugoslavia and Italy. Because of the rush to get the needed currency into circulation this 1000 Kronen banknote of German-Austria utilized the design of the existing Austro-Hungarian Empire 1000 Kronen note overprinted with the word “DEUTSCHÖSTERREICH” in red ink.  Though the note was released in 1920, it still bore the 1902 date of the original banknote.  The front of the note features a crowned double-headed eagle in the center and a vignette of a young woman with garlands of flowers in her hair at the right.  The back includes two more vignettes of the same young woman.  The large sized note is 192 x 128mm (approximately 7.6" x 5").  The note was replaced with an Austrian note in 1922 and was demonetized in 1924.  It is an impressive, historic banknote from a short-lived country in Uncirculated condition.

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HINTERBRUHL, AUSTRIA NOTE PROMOTES TOWN

The town of Hinterbrühl Austria was a popular resort town for artists, aristocracy and upper-crust Viennese "longing to escape the heat and unsanitary conditions of the city in summer, its annual typhus and dysentery epidemics and the poor water quality, in search of fresh air, peace and quiet". On June 2, 1920 the town issued a large (152 x 82mm) 80 Heller note which promoted the towns attractions.  The front describes the town as being near Vienna and depicts the Hotel FM Redetzky.  The 100 Room hotel was the premier institution in town. Built in 1913, it was designed by famed Austrian-American architect Wilhelm Baumgarten. It advertised itself as a "High Class Hotel" with such amenities as hot and cold running water, central heating, an American bar, 5 o'clock tea, breakfast, lunch, dinner, supper, splendid gardens and marvelous views.  The back of the note describes Hinterbruhl as the "Most splendid air resort of the whole Vienna Woods. Surrounded by resin-scented pine forest. … Just 49 minutes from Vienna on the Südbahn Railroad.  Especially favorable for convalescents and those suffering from the nerves. Every year about 4000 summer guests. Baths, water - sanatoriums, post office, telegraph and telephone station. Comfortable hotels and inns." The back of the note also mentions that the town is the terminus of the Mödling-Hinterbrühl tram, built in 1885. (The Mödling-Hinterbrühl Tram was the first electric tram in Austria and, it was the first railway in the world that was run with electricity delivered by an overhead line in permanent service.) Also on the back of the note is the nearby Liechtenstein Castle. Liechtenstein ("bright stone") Castle is the origin of the name of the Liechtenstein family, the ruling house of the country by the same name.  The family owned the castle in the 12th and 13th century and again starting in 1807.  The note was good only for the summer of 1920 as it expired on September 30. It is an unusual promotional piece of notgeld currency.

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HISTORIC AUSTRIAN NOTGELD NOTES

With the collapse of the Austro-Hungarian Empire following World War I, hundreds of local communities briefly issued their own emergency currency, known as notgeld, for use within the town.  These notes are denominated in Heller and usually depict scenes of the issuing community.  They are an inexpensive, interesting and historic collectable. Most of the notes are dated 1920 and most grade VF to Unc.  Every lot is different, with few duplicates between lots.

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BANKNOTES OF UPPER AUSTRIA

After the collapse and dismemberment of the Austro-Hungarian Empire following its defeat in World War I, coins disappeared from circulation. The state of Upper Austria issued these small, low denomination notes to help alleviate the coin shortage. The 20 Heller note depicts buildings in Upper Austria on both sides of the note, including the Church of Saints Michael and Ursula and the Holy Trinity Column in Linz. One side of the orange 50 Heller note features the arms of Upper Austria.  The other side is blank.     Both notes are dated 1921 and were issued in Linz, the capital of Upper Austria.

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HIGH-GRADE WEIMAR GERMAN BANKNOTE

This 1 Mark note dated March 1, 1920 was one of the first notes issued by Germany's Weimar government after World War I. They were needed to help relieve the serious coin shortage that developed in Germany during and after World War I.  The note was technically were not legal tender but a non-interest-bearing loan to the government. that did not stop people from accepting them as the low denomination notes were needed to purchase essential goods.  When issued the 1 Mark note could buy about a pound of flour or half a dozen eggs.  The note includes an embossed seal and is printed on watermarked paper. It is quite reasonably priced for an historic high-grade note that is almost a century old.

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GERMAN WEIMAR REPUBLIC 100 MARK BANKNOTE

The Weimar Republic was formed after the defeat of the German Empire in World War I.  Its early years were a tumultuous period of uprisings, riots and massive inflation.  It is named after the city where the new German constitution was written and adopted in August, 1919, and lasted until the rise of the Nazis in 1933.    The 100 Mark note features two images of the head of the “Bamberg Horseman”. The horseman is an impressive 13th century sculpture in the Bamberg Cathedral.  The Bamberg Horsman depicts a famous king, however which king it is is a matter of debate. The note is dated November 1, 1920, measures 162x108mm and includes the red Weimar Republic crest.

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INFLATION COINS OF THE WEIMAR REPUBLIC

During 1923 Germany suffered from some of the worst inflation the world had ever seen.  In order to keep up with rapidly increasing prices, two new high denomination coins were introduced at the beginning of the year, the 200 Mark and 500 Mark. Both coins were struck in aluminum and had similar designs.  One side featured the denomination. The other featured the German Eagle.  At the beginning of the year the two coins (700 Mark) would buy a loaf of bread.  By the end mid November bread cost 80 Billion Mark!  The coins bear the unofficial motto of Germany "EINIGKEIT UND RECHT UND FREIHEIT" (UNITY AND JUSTICE AND FREEDOM).   The motto is first line of what was then the third stanza of the German anthem.  The coins are Uncirculated.

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GERMAN NOTGELD COINS, PAPER AND PORCELAIN

Notgeld means "emergency money" in German, and generally refers to an extensive series of locally issued coins and currency produced during and following World War I.  Notgeld was issued in paper, metal and even porcelain and other materials.  Below is a selection of this fascinating but little known collectible.

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GERMAN INFLATION POSTAGE STAMPS

Germany’s post World War I inflation is reflected in their postage stamps.  This set includes 27 different German postage stamps issued between 1918 to 1923, with values ranging from 10 Pfennig (cost of a domestic letter in 1918) to 5 Million Mark (a domestic letter cost 4 Million Mark on Oct. 20, 1923).    In order to try to keep up with the soaring rates some stamps were overprinted with new values.  The stamps in this collection are all original unused stamps however some may be slightly torn or damaged.

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REMEMBERING THE WAR

CANADA 2018 COLORED AND UNCOLORED WWI ARMISTICE COINS

Canada honored the 100th Anniversary of the World War I Armistice with two versions of circulating bi-metallic 2 Dollar coins: uncolored and colored.  Both versions have similar designs.  In the center brass plated core is a soldier's helmet, beneath it is the word "ARMISTICE" a remembrance poppy.  The colored version of the coin features the poppy in red.  Maple leaves and poppies are features in the nickel-plated outer rim, along with the words "REMEMBER" in English and French ("SOUVENIR") and the date 2018.  The Susanna Blunt portrait of Queen Elizabeth is on the obverse of the 28mm coin.

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WORLD WAR I REMEMBRANCE COINS FROM CANADA

In 1915 Canadian physician Lieutenant-Colonel John McCrae wrote the immortal poem "In Flanders Fields".   The poem refers to the fields of red poppies that grew between the graves of the soldiers that died in the Battles of Ypres.  The poem first published anonymously in Great Britain, quickly grew in popularity throughout the English speaking world.  It was used in propaganda efforts and appeals to sell war bonds and recruit solders.  The red poppy became a widely recognized symbol to remember soldiers that died in conflicts.  In 2015 Canada marked the 100th anniversary of John McCrea’s famous poem with circulating commemorative 2 Dollar and 25 Cent coins.  The center section of the bi-metallic 2 Dollar coin depicts McCrea penning the poem.  In the background is a lark and crosses marking the soldiers’ graves.  The outer rim features poppies and Canadian Maple Leafs.  Two versions of the copper-nickel 25 cent coin were issued, one with a realistic color depiction of a red poppy.  The other features an uncolored poppy.  All three coin depict Queen Elizabeth on the obverse and are Uncirculated.

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AUSTRALIA REMEMBERS WORLD WAR I

Australia issued two $2 Dollar circulating colored commemorative coins in 2015 to honor the 100th anniversary of World War I.  Both coins were inspired by John McCrae’s famous poem In Flanders Fields and incorporate a colored circle in the design.  The first coin features a circle of crosses around a red circle, representing the red poppy.  The design was inspired by the first two lines of the poem “In Flanders fields the poppies blow. Between the crosses, row on row”  In the center are the words “Lest We Forget”.  The second depicts flying larks, surrounding orange colored rings, which represent the sunset glow, which are from the first and second stanzas of the poem. The aluminum-bronze coins are 20.5mm and have Queen Elizabeth is on the obverse

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2017 SLOVENIAN BI-METALLIC 3 EURO

Slovenia celebrated the 100th Anniversary of the "May Declaration" with this 2017 bi-metallic 3 Euros coin. The political manifesto, made in the Vienna parliament in midst of World War I, declared that the Slovenia, Croatia and Serbian portions of the Austria-Hungarian Empire were an independent state under Hapsburg rule. The Austrian government rejected the declaration, however it helped awaken national consciousness.  With the collapse of the Austro-Hungarian Empire at the end of World War I, Slovenia, Croatia, Montenegro and Serbia were united under the Serbian royal house to form the Kingdom of Serbs, Croats and Slovenes.  In 1929 the awkwardly named nation was renamed Yugoslavia.  The unusual design of the coin features a facsimile of the date “ 29/5 17” on the obverse and time “½ 9h zvečer” (8.30 pm) on the reverse, taken from the original the declaration. The 32mm coin has a mintage of 90,500 pieces.

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Also see:
WORLD WAR II COINS & CURRENCY

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