User:Bermicourt/Mark (German Empire)

ℳ The Mark (sign: ℳ or Mk), also referred to retrospectively as the "Goldmark" (, was the basic unit of account and imperial currency of the German Empire from 1871 to 1914.

One mark was equivalent to 0.358423 or $1000⁄2790$ grammes of fine gold. Gold circulation coins in denominations of 5, 10 and 20 marks were minted. The designation on bonds and shares at this time was Mark – Deutsche Reichswährung. According to the resolution of 4 December 1871, the first Reich Coin Act, it was valid currency. In August 1914, with the beginning of the First World War, the sale of gold coins to the public was suspended, the gold standard was abandoned and the Papiermark became the much-devalued Mark. The currency is occasionally referred to as the Reichsmark, although officially that did not come into being until 1924. and 'nominal coin' of the one-third gold standard-based currency