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Wednesday, May 8, 2013
1876-D German 10 Pfennig!
Gotta love that eagle! Of course, it is better looking and not so skinny on the coins made after 1890, but it's still the German Eagle. Well, eagles. Like I said in this post, more worn examples can leave the un-experienced to wonder if the coin just has an endless chain of eagles on eagles, but it does not. This coin is made of copper-nickel and not silver because most European countries, excluding the U.K., had their dollar equivalent coins worth 1/5 of a U.S. Dollar. Evidence for this is here, here, here, and finally here with the U.S. Dollar. All of the coins are .900 silver and between 25 and 27 grams, yet the American Dollar has a lower face value. Lower face value and higher silver content leads to higher exchange value. So from all that I can assume that this coin's exchange value was around $0.02. It is now worth $0.50 which isn't far off from it's value back in the day as $0.02 in 1876 would buy $0.42 in 2012. See here.
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