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1 Pfennig Bank of German States
| Issuer | Bank Deutscher Länder |
|---|---|
| Year | 1948-1949 |
| Type | Log in to see details |
| Value | 1 Pfennig (0.01 DEM) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The large numeral '1' appears prominently at the centre of the field, flanked on each side by a single upright rye ear (Secale cereale), their awns extending upward toward the rim. The denomination legend 'PFENNIG' is inscribed horizontally below the numeral, completing the face-value inscription. The mint mark letter appears at the top of the field above the central device. The composition is balanced and uncluttered, with the grain ears lending an agrarian symbolism characteristic of early Federal German coinage. |
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| Additional information |
The Bank deutscher Länder was a transitional institution — established by the Western Allied occupation authorities in March 1948 to manage currency for the three western zones before the Federal Republic existed as a political entity. These pfennig pieces were struck as part of the currency reform of June 1948, which replaced the Reichsmark at a brutal conversion rate and wiped out savings across West Germany almost overnight. The reform was considered essential to kill black-market paralysis and restart the economy.
Production ran across two years before the BdL was absorbed into the newly established Bundesbank in 1957. The 1948-dated pieces were struck at the Hamburg mint.