RENTENPFENNIG: COIN OF GERMANY
2 rentenpfennig, 1924: Weimar Republic (German Reich)
Weimar Republic (officially, like its predecessor: Deutsches Reich; that is, both the Weimar Republic and the German Empire, surprisingly, had the same official name) — the government of Germany during 1918-1933, when it was a constitutional federal republic for the first time in history; hence it is also referred to as the German Republic. Its name is derived from the city of Weimar, which hosted the constituent assembly that established its government.
DEUTSCHES REICH: German Reich (oficially name of German Empire between 1871 and 1918 + Weimar Republic between 1918 and 1933 + Nazi Germany between 1933 and 1945 + Allied-occupied Germany between 1945 and 1948).
2 RENTENPFENNIG.
A sheaf of wheat.
A — symbol of the Berlin mint, Germany.
Coin design by engraver Reinhard Kullrich.
Mintage: 80.864.443.
- Bronze: 20 mm - 3.3 g
- Reference price: 0.6$
COIN RENTENPFENNIG — WHERE & WHEN (coins catalog: by names & emitents)
- WEIMAR REPUBLIC (1923-1925): rentenpfennig = 1/100 rentenmark
About the name of the coin rentenpfennig: in essence, it is a variety of pfennig (like pfenning, reichspfennig, friesacher pfennig...).
The name of the coin rentenpfennig ("rent pfennig") comes from the term "rent" (rente is a technical term for mortgage in German). We are talking about a state loan, under which the state must pay certain interest on borrowed capital. In fact, it was about nationalized real estate (4% of ownership), which industrialists, farmers and entrepreneurs had the opportunity to buy back from the state (this is quite "wild", but in practice it is extremely effective in eliminating inflation; this principle became the basis of the work of the coin issuer — of the Deutsche Rentenbank).
