Substitute coins

Designation for the aluminum pieces (“aluminum talers,” from 500 marks upward) minted in Germany from 1923 onward as a stopgap measure for the circulation coins that were insufficient as a result of inflation. They were legal tender; however, no one was obliged to accept pieces in payment in excess of twenty times the face value of the individual coin. However, within a short time, these replacement coins had succumbed to rising inflation and had become completely worthless. Today they are a coveted collector’s item. – See makeshift bill, railroad money, substitute money, monetary stability, inflation, galloping, emergency money, obsidional coins, parchment.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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