Stack's Bowers & Ponterio
Collector's Choice Apr 2020 Auction 22 Apr 2020
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KARL GOETZ MEDALS. Germany - United States. Return to the Gold Standard/"Banks Worry and Banks Pleasure" Silver Medal, 1924. Munich Mint. NGC MS-63.
Kienast-305. 36mm. By Karl Goetz. Obverse: Bank lobby with two teller windows, one for foreign currency and the other for gold-backed Rentenmark; a line forms behind the latter; in foeground, man slumped on chair; Reverse: Legend around stylized 1 Mark coin. Pleasing gunmetal gray surfaces, with a deeper tone sprinkled throughout.
Kienast-305. 36mm. By Karl Goetz. Obverse: Bank lobby with two teller windows, one for foreign currency and the other for gold-backed Rentenmark; a line forms behind the latter; in foeground, man slumped on chair; Reverse: Legend around stylized 1 Mark coin. Pleasing gunmetal gray surfaces, with a deeper tone sprinkled throughout.
The Dawes Plan allowed for Germany to receive a loan from the United States, which it then used to back its own failing currency with gold and begin repayment of her war reparations to the allies. The allies in turn used part of these reparations to pay back the United States for accrued war debt, thus repaying the original loan to Germany and then some.
From the Richard Jewell Collection.
Estimate: $400.00- $600.00