German Coinage Act

There were eight state currencies whose coins included the Thaler, Vereinsthaler, Konventionsthaler, Kreuzer, Heller, Groschen, Silbergroschen, Neugroschen, Gulden, Konventionsgulden, Schilling, Mark, Pfennig, Neu-Pfennig, Franc, Centime, Bremen Goldthaler, Groten, Schwaren, Prussian or Graumann Reichsthaler, Kurantthaler and Friedrich d'Or, which were all based on different gold and silver standards, making trade more difficult.

As a result, Kaiser William I passed the first act of currency union in the German Empire.

[5] On 30 August 1924, the Reich government decided to liquidate the Rentenbank[6] in favour of a new Reichsbank,[7] the new currency, the Reichsmark, was to have gold backing again (Coin Act 1924).

[8] In fact, gold coins denominated in Reichsmarks were never minted and Rentenmark banknotes were never withdrawn from general payment transactions during the Third Reich.

[10] The coinage law of 1924 only became formally invalid when the Currency Act of 20 June 1948 (Gesetzblatt der Verwaltungs des Vereinigte Wirtschaftsgebiets or WiGBl.