The One Mark coin, abbreviated 1 DM and known in English as 1 German Mark, was the main circulating denomination of the Deutsche Mark (German mark), which was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until 2002.
In 1999, the Deutsche Mark was replaced by the Euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. In preparation for the event, Germany stopped issuing new German Mark coins into circulation.
On 27 December 2000, the German government enacted a law authorizing the Bundesbank to issue, in 2001, a special .999 pure gold 1-mark coin commemorating the end of the German mark. The coin has the exact design and dimensions of the circulating cupro-nickel DM 1 coin, with the exception of the inscription on the reverse, which reads Deutsche Bundesbank (instead of "Bundesrepublik Deutschland"), as the Bundesbank was the issuing authority in this case. A total of one million gold 1-mark coins were minted (200,000 at each of the five mints) and were sold beginning in mid-2001 through German coin dealers on behalf of the Bundesbank.
The coins in Proof FDC grade only, with weight of 12.00 g. (0.3858 oz. AGW). |