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The mark was a currency or unit of account in many states. It is named for the mark unit of weight . The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca , marcha , marha or marcus . [ 1 ]
The Cologne mark corresponded to about 234 grams. Like the German systems, the French poids de marc weight system considered one "Marc" equal to 8 troy ounces. [citation needed] Just as the pound of 12 troy ounces (373 g) lent its name to the pound unit of currency, the mark lent its name to the mark unit of currency.
The modern dollar and peso symbols originated from the mark employed to denote the Spanish dollar, [2] whereas the pound and lira symbols evolved from the letter L (written until the seventeenth century in blackletter type as ) standing for libra, a Roman pound of silver.
The currency stabilised in early 1922, but then hyperinflation took off: the exchange value of the mark fell from 320 marks per dollar in mid 1922 to 7,400 marks per US dollar by December 1922. This hyperinflation continued into 1923, and by November 1923, one US dollar was worth 4,210,500,000,000 marks.
Some of the coins with particular mint marks are therefore scarcer than others. With the silver 2 ℛ︁ℳ︁ and 5 ℛ︁ℳ︁ coins, the mint mark is found under the date on the left side of the coin. On the smaller denomination Reichspfennig coins, the mint mark is found on the bottom center of the coin. [11]
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