Mark (1871)
| German Goldmark | |
|---|---|
| Mark (in German) | |
German 20 mark banknote from 1914
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| Denominations | |
| Subunit | |
| 1/100 | Pfennig |
| Plural | Mark |
| Pfennig | Pfennig |
| Symbol | ℳ |
| Pfennig | ₰ |
| Banknotes | 5, 10, 20, 50, 100, 1000 Mark |
| Coins | 1, 2, 5, 10, 20, 25, 50 Pfennig 1, 2, 3, 5, 10, 20 Mark |
| Demographics | |
| User(s) |
 German Empire
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| Issuance | |
| Central bank | Reichsbank |
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This infobox shows the latest status before this currency was rendered obsolete.
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The Goldmark (
pronunciation ; officially just Mark, sign: ℳ) was the currency used in the German Empire from 1873 to 1914. The Papiermark refers to the German currency from 4 August 1914 when the link between the Mark and gold was abandoned.
Before unification, the different German states issued a variety of different currencies, though most were linked to the Vereinsthaler, a silver coin containing 16 2⁄3 grams of pure silver. Although the mark was based on gold rather than silver, a fixed exchange rate between the Vereinsthaler and the mark of 3 marks = 1 Vereinsthaler was used for the conversion. Southern Germany had used the Gulden as the standard unit of account, which was worth 4⁄7 of a Vereinsthaler and, hence, became worth 1.71 (1 5⁄7) marks in the new currency. Bremen had used a gold based Thaler which was converted directly to the mark at a rate of 1 gold Thaler = 3.32 (3 9⁄28) marks. Hamburg had used its own mark prior to 1873. This was replaced by the gold mark at a rate of 1 Hamburg mark = 1.2 gold mark.
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