The 1937 deutsches reich coin value is determined by several factors. Collectors and numismatists assess these coins based on their denomination, physical condition, and mintmark, among other attributes. This article provides a comprehensive look at what influences the value of these historical artifacts.
Factors Influencing 1937 Deutsches Reich Coin Value
The value of any coin, especially those with historical significance like the 1937 German Reich coins, is a product of supply and demand, coupled with the coin’s inherent characteristics.
Denomination
Different denominations of 1937 German Reich coins naturally have different base values. The coinage of the Third Reich included various denominations, from Pfennig to Reichsmark. Higher denominations often, but not always, command higher values.
- Pfennig Coins: These were the smallest denominations. For example, a 1 Reichspfennig coin from 1937 in proof condition was valued at approximately $310 USD as of August 2025. A 5 Reichspfennig coin from 1937 with an ‘A’ mintmark could be valued at $30 USD for a regular strike and $290 USD for a PROOF coin.
- Reichsmark Coins: These were larger denominations. A 2 Reichsmark coin from 1937 with a ‘G’ mintmark was valued at $20 USD for a regular strike and $40 USD for coins minted using PROOF technology as of August 2025. A 5 Mark 1937 ‘A’ (Mint Berlin) in excellent condition, being silver, is worth approximately $115.53 USD.
Mintmark
German coins produced during this period were stamped with a mintmark, indicating the specific mint where they were manufactured. These mintmarks are crucial for determining rarity and, consequently, the 1937 deutsches reich coin value. The common mintmarks and their corresponding cities are:
- A: Berlin
- D: Munich
- E: Muldenhutten
- F: Stuttgart
- G: Karlsruhe
- J: Hamburg
Certain mintmark and denomination combinations are rarer than others. For instance, a proof strike from a less common mint might be significantly more valuable than a common mintmark in a regular strike.
Condition
The condition of a coin is a primary determinant of its value. Numismatists use a grading scale to assess a coin’s state of preservation. Coins in better condition, those with less wear and tear, and sharper details, command higher prices. The scale ranges from Poor (P) to Mint State (MS), with Mint State coins being uncirculated and retaining their original luster.
- Mint State (MS): Coins graded as MS are typically the most valuable. For example, a 10 Pfennig 1937 F PCGS MS65 sold for $67.00.
- Proof (PF): Proof coins are specially made, high-quality strikes intended for collectors, not general circulation. They often exhibit a mirror-like finish and sharp details, making them highly desirable and valuable. A 1 Reichspfennig 1937 G in proof condition was valued at $310 USD.
- Circulated Conditions: Coins that have been in circulation will show signs of wear, reducing their numismatic value. However, even circulated coins can hold value depending on their rarity and historical context.
Rarity
The rarity of a specific coin directly impacts its 1937 deutsches reich coin value. Rarity can stem from several factors:
- Low Mintage Numbers: If few coins of a particular denomination and mintmark were produced, they become rarer.
- Survival Rate: Even if many coins were minted, factors like melting or loss can reduce the number of surviving examples, increasing their rarity.
- Specific Varieties: Sometimes, minor variations in the die can create rare varieties that are highly sought after by collectors.
Precious Metal Content
Nazi Germany produced silver coins until 1939. If a 1937 coin contains silver, its intrinsic value is tied to the current silver market price. This precious metal content provides a base value, to which any numismatic premium is added.
- Silver Coins: The 2 Reichsmark and 5 Reichsmark coins from 1937 typically contain silver. A 5 Mark 1937 ‘A’ (Mint Berlin) is a silver coin and holds a value reflective of both its numismatic appeal and its silver content.
Historical Context and Demand
Coins from the Third Reich period hold a unique, albeit controversial, place in numismatic history. They are sought after by collectors interested in the political and economic history of that era. This historical demand contributes to their market value. It’s important to note that the collection and sale of such items are sometimes subject to specific regulations or ethical considerations depending on the jurisdiction.
Examples of 1937 German Reich Coin Values
To illustrate the range of values, here are specific examples based on available market data and expert assessments:
- 1 Reichspfennig:
- 1937 G (Proof): $310 USD
- 1937 A (MS63, 10% Red): $20 USD
- 1937 D (MS64, 10% Red): $12 USD
- 1937 J (MS65 Brown): $13.25 USD
- 2 Reichsmark:
- 1937 G (Regular Strike, Silver): $20 USD
- 1937 G (PROOF, Silver): $40 USD
- 5 Reichspfennig:
- 1937 A (Regular Strike): $30 USD
- 1937 A (PROOF): $290 USD
- 10 Reichspfennig:
- 1937 G (Average Price): $25 USD
- 1937 F (MS65): $67.00 USD
- 1 Reichsmark:
- 1937 G (Uncirculated): $56.7 USD
These values are indicative and can fluctuate based on market conditions, the specific grading service, and the venue of sale.
Assessing Your 1937 Deutsches Reich Coin
If you possess a 1937 German Reich coin and wish to ascertain its value, a systematic approach is beneficial.
Step 1: Identify the Denomination
Look at the coin to determine its face value. Is it a Pfennig, a Reichsmark, or another denomination? This is usually clearly marked on one side of the coin.
Step 2: Locate the Mintmark
The mintmark is typically a small letter found on one side of the coin, often near the date or the eagle emblem. Refer to the list of mintmarks (A, D, E, F, G, J) to identify its origin.
Step 3: Evaluate the Condition
This is often the most subjective step for an untrained eye. Observe the coin’s wear. Are the details sharp or worn down? Is there any damage like scratches, dents, or corrosion? Does it retain its original luster? For an accurate assessment, professional grading is recommended. Professional grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) provide impartial and consistent evaluations, which can significantly impact the perceived 1937 deutsches reich coin value.
Step 4: Consider Precious Metal Content
If the coin is a 2 Reichsmark or 5 Reichsmark, it likely contains silver. You can research the silver composition for these specific coins and calculate their melt value based on current silver prices.
Step 5: Research Rarity and Sales Data
Once you have identified the denomination, mintmark, and a preliminary assessment of condition, you can search online numismatic databases, auction results, and price guides. Look for sales of similar coins to get an idea of market trends.
Selling a 1937 German Reich Coin
When considering selling a 1937 German Reich coin, several avenues are available, each with its own advantages.
Professional Numismatic Companies
Contacting specialized numismatic companies is often the most secure and effective way to sell valuable collectible coins. These companies have expertise in authenticating, grading, and marketing coins. They frequently hold regular auction sales, which are considered a fair and transparent method for selling high-value items.
- Auctions: Public auctions attract serious collectors and can lead to competitive bidding, potentially fetching higher prices. The auction house handles the marketing, cataloging, and transaction process.
- Direct Purchase: Some dealers may offer to purchase coins outright. While this can provide a quicker sale, the offer might be lower than what could be achieved at auction, as the dealer needs to factor in their profit margin.
Online Marketplaces
Platforms like eBay can be viable options for selling coins, particularly for those of moderate value or for reaching a wide audience.
- Pros: Wide reach, ability to set your own price or run an auction.
- Cons: Higher risk of fraudulent transactions, need for accurate descriptions and good photographs, platform fees, and the responsibility of shipping and handling. For high-value coins, the lack of professional authentication can deter some buyers.
Coin Shows and Local Dealers
Attending coin shows or visiting local coin dealers can provide opportunities for direct sales or appraisals.
- Coin Shows: These events bring together many dealers and collectors, offering a chance to get multiple opinions and offers.
- Local Dealers: A local coin shop can offer a quick assessment and a cash offer, though their prices may be conservative.
Ethical Considerations
The historical context of 1937 German Reich coins means that their collection and sale can carry ethical considerations. While collecting historical artifacts is a legitimate pursuit, some jurisdictions may have regulations regarding the display or trade of items bearing certain symbols. Collectors often view these coins as historical documents, providing insight into a specific period, rather than endorsing the ideology they represent.
Conclusion
The 1937 deutsches reich coin value is a complex interplay of denomination, mintmark, condition, rarity, precious metal content, and historical demand. By carefully researching these factors and seeking expert advice when needed, collectors can better understand the worth of their holdings and make informed decisions regarding their acquisition or sale. Accurate identification and professional grading remain key to realizing the full potential value of these historical coins.
How much is a 1937 D coin worth?
I can help with that. 1937 D Buffalo Nickel Value
According to the NGC Price Guide, as of August 2025, a Buffalo Nickel from 1937 in circulated condition is worth between $0.50 and $20. However, on the open market 1937 D Nickels in pristine, uncirculated condition sell for as much as $10000.
Are 1937 coins worth anything?
Good point! 1937 Crown coins are technically UK legal tender with a face value of 25p. However, considering they are made from 28.28 grams of 50% silver, they are worth at least their weight in precious metal, with high-grade examples attracting an even higher premium.