Could This Be The Beginning of the New Deutschmark?

By Stephen Fuchs on Email @StephenWFuchs

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Germany’s national currency was replaced by the euro in 2002, but many Germans have held onto their old Deutschmarks, secretly hoping it would one day return. For those holding onto that currency nostalgia, a new five-euro coin released this week, which is only valid in Germany, seems to be offering a glimmer of hope.

The limited edition coin was issued by Germany’s Bundesbank and was greeted with lines of people hoping to get their hands on one of the 2.25 million produced.

On one side of the coin there is a picture of the world and cosmos, while the other bears a familiar symbol… a large eagle that used to be found on the old five-Mark coin, known as the “Heiermann”.

“Germany has got its Heiermann back,” Manager Magazine wrote as he recalled how many Germans used to save up the coins or use them in the once popular cigarette vending machines.

There will be no mistaking this euro from any others as it features a blue ring of plastic encircling the middle of the coin, leading it to be dubbed the three material coin. Though this ring does more than make the coin stand out. It serves to not only make the coin harder to counterfeit, but also makes it easier for cash machines to confirm its legitimacy.

People looking to stock up on the coin will have to either keep going back to the bank, as there is a limit of one coin per person each day, or hit up sites like eBay where a batch of five coins recently sold for 216 euros.

So is this Germany’s way to test the waters on a new German currency? While the coin says it is a euro, the fact that it is only a legal tender in Germany and not any other euro country makes this very much a new Deutschmark.

 

Source: Reuters, The Local
Photo: DPA

Stephen Fuchs
Stephen founded German Pulse and LGBT Germany out of a passion to introduce Americans to a Germany that goes beyond beer and polka (although with enough beer he has been known to polka it up a bit). He's a coffee addict, lover of wine and good times, a hit in the kitchen and editor of TV commercials. You can follow him on Twitter (@StephenWFuchs) to find out a lot more.
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