Germany 1 pfennig 1950 E

Germany · 1950 · 1 pfennig

Circulating coinUncommonAU · About uncirculated

€1.22estimate in AU

27,600,000coins minted

N8562 KM1

RAReference number RARA-AB8RS

Circulating coin

First series of the Soviet zone and the GDR (1948-1953)

The coin's story

This aluminium 1 pfennig coin belongs to the first series of coins of the Soviet occupation zone, which became the German Democratic Republic (GDR) on 7 October 1949. The currency of the East was created in June 1948, in response to the currency reform of the western zones of 20 June. The coins still bear the name DEUTSCHLAND and an ear of wheat in front of a gear wheel, a symbol of the alliance between worker and peasant, the emblem of the Two-Year Plan. Both sides were designed by Franz Paul Krischker. The type was struck from 1948 to 1950, the letter E denotes the Muldenhütten Mint, in Saxony, the Dresden Mint having been destroyed. The coin ceased to be legal tender on 31 December 1970.

ObverseThe Ear of Wheat and the Gear Wheel

1950

Design: An ear of wheat in the foreground in front of a gear wheel, emblem of the Two-Year Plan.
Date: 1950.

FKEngraved by Franz Paul Krischker

ReverseThe Value

DEUTSCHLAND 1 PFENNIG E

Design: The value below the name of the country, with the mint letter below PFENNIG.
Legend: DEUTSCHLAND (Germany).
Denomination: 1 PFENNIG.
Mark: E, the Muldenhütten Mint.

FKEngraved by Franz Paul Krischker