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Some people still have money at home from the DM days and valuable specimens may be hiding among the 1 pfennig coins. So it’s worth checking to see if you own one of these coveted collector’s items.
These 1-penny coins are valuable pieces of money
It has been over two decades since the euro replaced the German mark as the currency. Nevertheless, there are still DM coins worth around 6.58 billion marks in circulation. Some of these coins can even be really valuable.
- The most valuable for collectors are well-preserved 1 pfennig coins from 1948 and 1949 with the inscription “Bank Deutscher Länder”. These were issued in very high numbers, but it is rare to get very well preserved examples in this age range. If you have a Pfennig from one of these years that looks as good as new, you can hope to win up to 50 euros, depending on where it was minted.
- Also expensive are 1 pfennig coins from 1967 with the minting place “G”. These coins were produced in Karlsruhe. If you own such a coin, you can get up to 20 euros if you sell it to a collector. This is because pennies of this year and this minting place are rare.
- You can get up to 2 euros each for 1-penny coins from the vintages 1970 to 1973. The place of minting is less important here. However, only coins in good condition will fetch the highest price.
- You can still get up to one euro for pennies minted between 1974 and 1984. However, here too it is crucial that the coin is in as good a condition as possible. Heavily worn 1-pennies are not usually sought after by collectors.
1-penny coins for sale – what you should know
The really big money cannot usually be made with 1-penny coins. Nevertheless, many of these coins have multiplied in value. So it can be worthwhile to sell the coins even for small sums.
- If you are unsure whether your 1-penny coin is valuable, you can have it valued by a coin dealer. Make sure that you go to a dealer who is a member of the Association of German Coin Dealers or the Professional Association of the German Coin Trade.
- If there is a gold 1 pfennig piece among your DM treasures, this is unfortunately no reason for joy. These are so-called lucky pfennigs, which were produced in large numbers. The gold coating makes these pennies worthless.
- In order to be able to turn your find into money at all, you of course need a buyer first and foremost. Besides coin dealers, online auction houses can also be a place to start to find interested parties. However, the offer is quite large and it sometimes takes some patience until a buyer is found.
- The German mark has not become worthless overall. If you still have stocks of the old currency, you can still exchange them for euros at the Bundebank. You can also exchange them by post if you send the coins in an envelope to the branch in Mainz. Don’t forget to include your name, address and bank details so that the amount can be transferred to you.
