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GERMANY: Weimar Republic, AE 4 reichspfennig, 1932-A, PCGS Proof 64 RB

Currency:USD Category:Coins & Paper Money / World Coins - Europe Start Price:120.00 USD Estimated At:125.00 - 175.00 USD
GERMANY: Weimar Republic, AE 4 reichspfennig, 1932-A, PCGS Proof 64 RB
CURRENT BID
120.00USD+ applicable fees & taxes.
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[?]Live Online Auction Starts In 2025 Sep 21 @ 10:00 (UTC-07:00 : PDT/MST)
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GERMANY: Weimar Republic, AE 4 reichspfennig, 1932-A, KM-75, Y-39, J-315, scarce, a wonderful lustrous caramel red-brown proof example, PCGS graded Proof 64 RB, ex Joe Sedillot Collection. Finest graded 'top pop' by PCGS!This coin was issued in 1932 amid the Great Depression. Chancellor Heinrich Brüning's government decreed the issuance of this unusual face value on December 8, 1931, hoping that it would replace 5-pfennig coins and thereby help to reduce prices in those times of great economic hardship. The coin was, however, not very well-received by the population as it was awkward to use in a decimal system, and very few orders with the Reichsbank (central bank) were placed by banks and public institutions. Many of these coins circulated only for a short period and quickly returned to the central bank, despite instructions by the government to pay amounts of 2 marks (as a part of wages and salaries) in 4-pfennig coins. The coin was demonetized on October 1, 1933 after little more than a year in circulation. The coin's unpopularity explains its relative scarcity today.