Alemanha, Medal, Ludwig Erhard
Vater der Wirtschaftswunders - 1977 - MS(65-70)
15 gr.
Silver
Silver can fall into your pocket but also falls between copper and gold in group 11 of the periodic table. Three metals frequently used to mint coins. There are two good reasons for using silver: it is a precious metal and oxidizes little upon contact with air. Two advantages not to be taken for granted.
Here is thus a metal that won’t vanish into thin air.
It’s chemical symbol Ag is derived from the Latin word for silver (argentum), compare Ancient Greek ἄργυρος (árgyros). Silver has a white, shiny appearance and, to add a little bit of esotericism or polytheism to the mix, is traditionally dedicated to the Moon or the goddess Artemis (Diana to the Romans).
As a precious metal, just like gold, silver is used to mint coins with an intrinsic value, meaning their value is constituted by the material of which they are made. It should be noted that small quantities of other metals are frequently added to silver to make it harder, as it is naturally very malleable (you can’t have everything) and thus wears away rapidly.
The first silver coins probably date back to the end of the 7th century BC and were struck on the Greek island of Aegina. These little beauties can be recognized by the turtle featured on the reverse.
The patina of silver ranges from gray to black.
The millesimal fineness (or alloy) of a coin indicates the exact proportion (in parts per thousand) of silver included in the composition. We thus speak, for example, of 999‰ silver or 999 parts of silver per 1 part of other metals. This measure is important for investment coins such as bullion. In France, it was expressed in carats until 1995.
An “MS(65-70)” quality
As in numismatics it is important that the state of conservation of an item be carefully evaluated before it is offered to a discerning collector with a keen eye.
This initially obscure acronym comprising two words describing the state of conservation is explained clearly here:
Mint State(65-70)
This means – more prosaically – that the coin is brand new and free from defects, thus in the state it left the mint. It has probably never been in circulation or seen the bottom of a pocket up close. The term “fleur de coin” is also used internationally to refer to the first coins struck with a new die. By extension, this term thus also now describes “perfect” coins not displaying any defects and retaining their full original luster.
Germany
- Geographical location: Central Europe
- Current political regime: Federal constitutional parliamentary republic
- Current capital: Berlin
Brief history
From the Germanic “barbarian” tribes of the 1st century AD, a constant source of concern for the Roman Empire, to the domination of the Kingdom of the Franks from the 5th to the 10th century, then under the rule of Charlemagne, it was first in the Middle Ages, following the deposition of Charles III (the Fat) in 887, that the Germanic people as we know them came to be.
This was then the age of the Holy Roman Empire, which would endure from the 9th to the end of the 18th century. An empire of exceptional longevity, whose flame would only be extinguished by the continuous advance of the Enlightenment, the neighboring French Revolution, and the unbridled expansionism of Napoleon Bonaparte.
The 19th century was turbulent and finally gave birth in 1871 to the Kaiserreich (German Empire), a federal state headed by a Kaiser (emperor), a Kanzler (chancellor), and the Reichstag (parliament). At the end of World War I, in 1918, the Kaiser was deposed and Germany deprived of 13% of its territory. This heralded in the era of the Weimar Republic, undermined from the very start by the Treaty of Versailles and the economic crisis. Hitler appeared on the scene.
He was appointed Chancellor in 1932 and subsequently, thanks to the Enabling Act of 1933, established a dictatorial system. After the death of President Hindenburg in 1934, the era of the Third Reich began with its madness, iron fist, terrifying policies, disheveled nationalism, and unlimited desire for expansion. The Third Reich and Axis powers would not surrender until May 1945.
After World War II and the Allied Occupation of Germany, the country was divided in two and the Iron Curtain came down as the Berlin Wall went up. The Wall did not fall until 1989, and divided Germany was finally reunified in 1990.
Coins
The currency of Germany has always been the mark, albeit in a variety of forms. The word “mark” has its origin in the Middle Ages. In the 12th century, the value of the mark was directly linked to the weight of the metal from which it was made.
The mark as a unit of currency was not defined until the Reichstag did so in 1871. It was then worth 1/1,395 of a pound of gold and divided into 100 pfennigs.
Then came the monetary reform of 1923 following hyperinflation (just imagine – 1 dollar back then would be worth up to 11.7 billion marks!), which introduced the Rentenmark against mortgage of the country’s capital. 1 billion Papiermark (paper marks) were equivalent to 1 Rentenmark. In 1924, once the situation had been stabilized, the Reichsmark was created and convertible into gold or foreign currency. It would endure until 1948.
In 1948, two currencies came into use: the western zone (future FRG) used the Deutsche Mark and the eastern zone (future GDR) used the East German mark. After the Reunification of Germany in 1990, only the Deutsche Mark (DM) remained.
In 2002, Germany switched to the euro (€).
Great inventions
Among other things, the Germans invented the printing press (Johannes Gutenberg,15th century), the automobile (Karl Benz, 1885), the streetcar (1881), aspirin (Felix Hoffmann, 1897), X-rays (Wilhelm Conrad Röntgen, 1895), and even coffee filters (Melitta Bentz, 1908).
Painting: "A View of the Opera and Unter den Linden, Berlin" by Eduard Gaertner (1845)
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