Goldmark

In August 2001, shortly before the introduction of the European single currency, the euro, the 1 Mark 2001 gold coin, also known as Goldmark, was introduced. The gold coin has a weight of 12g with a fineness of 999.9 / 1000 gold. The initial issue price of the Goldmark 2001 was 250 DM.

 

Each of the five German mints produced 200,000 copies, resulting in a total circulation of 1 million pieces of the 1 DM gold coin.

 

The design of the 2001 Goldmark commemorative coin is almost identical with the circulating 1 DM coin. The only difference is the inscription on the commemorative coin reads "German Federal Bank", whereas on the original circulation coin the engraving is "Federal Republic of Germany".

 

The 1 DM gold coin was issued by the Deutsche Bundesbank. At that time, the Deutsche Bundesbank held no right to issue the 1 DM gold coin. As a result, the German Bundestag (German Federal Parliament) submitted a law amendment. The 1 DM gold coin was available from August 2001 from the central banks of the federal states and from the "collector's point of sale" of the Federal Republic of Germany.

 

Buyers of 1 DM gold coin need to ensure that the imprint on the reverse side reads "DEUTSCHE BUNDESBANK", which is translated as “German Federal Bank”. The 2001 commemorative 1 DM Gold coin can also be recognized by the pure gold alloy and the weight of 12 grams. The original 1 Gold mark circulation coin has a alloy of copper and nickel with the inscription “FEDERAL REPUBLIC OF GERMANY” on the reverse.

Appearance

The 1 DM gold coin has an edge bar and a decorated circle on both sides of the coin. The obverse shows the representation of the 1 DM circulation coin. You can see a "1" in the center with an oak leaf on either side. Below the motif is "DEUTSCHE MARK" and the year of "2001".

The back shows the motif of the federal eagle and directly below is the embossed mark of the respective mint. Imprinted on the margin are the words "DEUTSCHE BUNDESBANK", which translates as “German Federal Bank”. This is also the main difference, to the original 1-DM circulation coin, which has the inscription "FEDERAL REPUBLIC OF GERMANY".

German Mints

In Germany there are five state mints, which are equally involved in the production of commemorative coins. In 1998, the formerly separated mints "State Mint Stuttgart" and "State Mint Karlsruhe" joined forces to form "State Mint of Baden-Württemberg", which resulted in the largest state mint in Germany.

Germany is the only country in the euro-issuing region to commission several mints with the production of the coins. This applies to both circulation and collector coins. The following table shows which mintmark stands for which mint.

 

Mintmark Mint

A State Coin Berlin

D Main Bavarian Munzamt

F State Coins Baden-Württemberg (Stuttgart)

G State Coins Baden-Württemberg (Karlsruhe)

J Hamburgische Münze

History

For the introduction of the euro in 2002, the 1-DM Gold coin was issued to commemorate the retirement of the German mark currency. For this purpose, under the former President of the German Bundesbank, Ernst Welteke, the 1-DM gold coin was planned and coined. A special law was created to allow the production.

The euro was adopted on 1 January 1999 as the common currency in the euro area with the decision of the Bundestag and the approval of Austria, Belgium, the Netherlands, Luxembourg, Spain, Portugal, Greece, Ireland, Finland, Italy and France. The euro was initially only a booking currency. The introduction of common cash on 1 January 2002 in the Eurozone finally replaced the DM.

The euro is the official currency in 19 out of the 28 EU member states and the four European small states of Andorra, San Marino, Monaco and Vatican. Most recently, on 1 January 2015, the euro was introduced as the currency in Lithuania.

Product Details

Manufacturer: State mints of the Federal Republic of Germany
Country of origin: Germany
Fineness: 999.9 / 1000
Purity: 24ct gold
Weight: 12g
Diameter: 23.5 mm
Nominal value: 1 DM
Issue Price: 250 DM / 127.83 €
Scratch resistance: Poor

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