Germany, Hamburg 5/100 Verrechnungsmark 1923 - NGC MS62

GERMANY. Hamburg. 5/100 Verrechnungsmark. 1923.

- Value: 5/100 Verrechnungsmark.
- Year: 1923.
- Inscriptions: Obverse: GEBRAUCHT MIT GENEHMIGUNG DES SENATS. Reverse: HAMBURGISCHE BANK VON 1619 AG · 5/100 VERRECHNUNGS-MARKE · 1923.
- Grade: MS62 (NGC).

5/100 Verrechnungsmark coin issued by Hamburgische Bank AG during Germany’s hyperinflation crisis of 1923. The obverse features the coat of arms of the Free and Hanseatic City of Hamburg, supported by two rampant lions and surmounted by a crown, accompanied by an inscription indicating that it was issued with the authorization of the city Senate. The reverse displays the face value in the center, surrounded by the name of the issuing institution and the minting date. The restrained, functional design reflects the fiduciary nature of these compensation tokens, which were used during a period of extraordinary monetary instability. This example retains well-defined reliefs, even fields, and attractive original satin luster, with slight contact marks consistent with Mint State preservation, fully in line with the MS62 grade assigned by NGC. These coins are an interesting numismatic record of the solutions adopted by local financial institutions to keep commercial transactions going during the hyperinflation that affected Germany in 1923.

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