Middle Ages Charlemagne established, in the so-called
Carolingian coin standard, that from a
Carolingian ("pound") of
silver, 240 coins were to be minted (corresponding to about 1.7 g of silver per coin). The coin was called in the Latin language of the time, a after the old Roman coin (see
§ Coin standard). From this coin evolved later the French and the Italian . The Arabic word () can also be traced back to the Latin word . In the Old High German language, the was already called the () at the time of Charlemagne. In North German and Dutch-speaking countries it was later called a and in England the
penny. The term for the Roman first appeared in England around 765, when King
Offa had struck out of silver based on the Carolingian model. This explains the abbreviation "d" as in , which was used for the "old" penny in the United Kingdom until 1971. The early pfennig weighed around 1.3g to 2g, its weight tending to steadily decrease over the centuries. The widespread fluctuations in the weight of the same pfennigs were partly due to the manufacturing process, with the heavier pfennig specimens being sought out by private individuals in accordance with
Gresham's law. At that time and even partly up to modern times, it was the total weight of a certain number of similar pfennigs that had to be right for larger payments, a practice that tended to promote deviating exchange rates between smaller and larger coin denominations and which found its climax in the
Kipper and Wipper era; for example, the terms (= 60 pf), or "pound sterling" (= 240 d). From the 8th to the 13th century, the pfennig (or ) consisted of high-quality silver, and was the only denomination in circulation, other units being used purely as arithmetic units, and it thus had a high purchasing power. As a result, this era is also called the ("pfennig era") in numismatics. Only very rarely were half-pfennigs minted, which were also known as
obole or
scherf. Around 1200, the pfennig was the largest and only German silver denomination, apart from imported foreign gold and silver coins. Smaller denominations were created by cutting the coins in half or quarters, producing something called
hacksilver, which was very easy to do with the one-sided thin hollow pfennigs or , which were then referred to as
bracteates from the 17th century. The "change" that was often still required for price and quantity equalization by buyers and sellers on the city markets were small amounts of natural produce and goods that were included in the overall purchase process. Around 1200, the different
mint lords of the
Holy Roman Empire minted their
regional pfennigs to very different standards in terms of
gross and
fine weights, because the
German kingdom handed over
minting rights or did not enforce them as a uniform imperial standard consistently. As a result, many regional pfennigs with different exchange rates arose over time. Somes coins had a black tint due to the large addition of copper, and so a distinction was made between white pfennigs (, , ) and black pfennigs ( = "copper pfennig"). A well-known example is the , which was later legally defined as a or in subsequent imperial coinage regulations as a separate denomination valued at two to a pfennig until the 19th century e.g. in Bavaria. Even the early () had a noticeable addition of copper, so that the very quickly became the first German "pure" copper coin. The pfennigs of the Schinderling period, the black pfennigs, were minted from 1457 mainly in southern Germany, especially in Austria and Bavaria, with almost no silver. The so-called ("Evil Halser") of this time essentially consisted of a copper-tin alloy. The period of the so-called ended with the phasing out of the 5-lot pfennigs in 1460. The black pfennigs undermined confidence in Austria's silver currency for a long time. For the successful introduction of the silver currency, which replaced the regional pfennig, sufficient coins of lower denomination had to be available. The silver-rich Saxon dukes, for example, had hollow pfennigs and hollow hellers minted at
Gotha and
Langensalza to prescribed coinage ordinances. However, the constant reduction in the silver content of the groschen meant that new ordinances to reduce the silver content of the pfennigs that the cities sometimes minted themselves. The ("bowl pfennig") minted from 1374 to the 18th century is a concave pfennig, stamped on one side only, that was minted from 1374 onwards, and was so called due to its minting technique. It was created by stamping using one upper die only onto a larger
planchet. As a result, the rim of the coin was pressed upwards into the shape of a bowl or plate. The forerunners of the were the one-sided silver () and () of the
Free Imperial City Strasbourg and the
Trier pfennigs, which were being minted as early as the beginning of the 14th century. They are so-called ("eternal pfennigs"), since unlike most
bracteates, they did not have to be exchanged regularly for a fee. The so-called Palatine , named after its depiction of a lozenged shield or
heraldic lozenge (), was minted from about 1390. From the 15th century, a characteristic feature of the pfennig was its curved shape and a prominent circle of beads, which surrounded the coin image. The pearl circle does not occur in the later minted from the 16th to the 18th century.
Pricing examples from the Saxon-Thuringian region Krug gives the following examples of what could be bought for pfennigs in regions of
Saxony and
Thuringia: The pfennigs concerned were usually the coins from the Freiberg state mint.
Modern period 17th and 18th centuries By the late 17th century, the pfennigs had
lost most of their value. The last pfennig coins containing traces of silver are rarities minted in 1805. Effectively, by the end of the 17th century the pfennig had been reduced to a pure copper coin. In the 18th century, some German mints minted copper and
billon pfennigs at around the same time. From the middle of the 18th century, however, the proportion of billon coins compared to pure copper pfennig coins tended to decrease, which was also reflected in the 2 to 4 pfennig coins. The last silver-containing 1 pfennig coins with the designation "Pfenig" were minted in Germany in the Duchy of Saxe-Coburg-Saalfeld from 1808 to 1811 and date stamped 1808 and are rare. Even the copper pfennigs were not all of the same value. Bremen therefore called its pfennigs ("heavy pfennigs") for which the common name prevailed. File:Bremer Schwaren.JPG|Bremen , 1797, obverse File:Bremer Schwaren Rv.JPG|, 1797, reverse Some renowned coins made of copper are the or of
Schwäbisch Hall, some centuries later called
Heller, and minted throughout the country, and the (from , the cross minted on the coins), minted in
Austria,
Switzerland, and some regions of
Upper Germany.
19th and 20th centuries Until 1821, various smaller coin systems were in use in the Prussian provinces. Only in the provinces of Brandenburg and Westphalia was the pfennig the smallest coin in terms of value. With the Prussian small coin reform of 1821, a uniform small coin system was introduced for all Prussian provinces. To distinguish it from the pfennigs before the reform, the new denomination was called . One thaler was no longer 288 pfennigs, but 360 . This new ratio was also reflected on the side with the coat of arms: . Other states, such as
Saxe-Weimar-Eisenach, minted pfennig coins well into the 19th century. In the southern German states (Baden, Württemberg, Bavaria including the Palatinate, Saxony, and other smaller ones), the value of the was fixed at 1/240 of a by the coinage act of 1506 and that remained in force until 1871. (1 = 60 , 1 = 4 , 1 = 2 .) The half-pfennig () was the only coin of the period that remained officially valid after the introduction of the imperial currency (because of the beer tax in Bavaria). Pfennnig_1811_Ws.JPG|Brandenburg pfennig of 1811, reverse Pfennig_1811_Rs.JPG|Brandenburg pfennig of 1811, obverse Pfenning_1821_Ws.JPG|Prussian of 1821, reverse Pfenning_1821_Rs.JPG|Prussian of 1821, obverse Eineinhalbpfennig_1830_Av.JPG| pfennig of 1830, Saxe-Weimar-Eisenach, reverse Eineinhalbpfennig_1830_Rv.JPG| pfennig of 1830, obverse In some southern German states, the term was a synonym for the pfennig (e.g. in the city of Frankfurt and in the Duchy of Nassau). In Bavaria, the heller was half a penny. (
German Empire) The
gold mark, introduced by the
German Coinage Act of 1871, was the currency of the newly founded
German Empire, divided into 100 pfennigs. This partition was retained through all German currencies (including the , the , and the pfennig of the
Deutsche Mark) until 2001. The last West German one- and two-pfennig coins were steel with a copper coating. The five- and ten-pfennig coins were steel with a brass coating. The latter was called a
Groschen, while the five-pfennig coin, half a groschen, was regionally (east of the river
Elbe) also referred to as the (), deriving from the former duodecimal division of the groschen. All four coins had their value imprinted on the obverse and an oak tree on the reverse. The coins of the
East German mark were made of aluminium, except for the 20 pfennig coin, which was made of an aluminium copper alloy. File:10fenigow gdansk1932.jpg|
Free City of Danzig: 10 pfennig 1932 File:10 Reichspfennig 1937.jpg|
Nazi Germany: 10 coin, 1937 File:Pfennig 1950 Deutschland.jpg|
West Germany: 1 pfennig coin, 1950 File:1 Pfennig DDR 1979.JPG|
East Germany: 1 pfennig coin, 1979 File:10 German Pfennig.jpg|10 pfennig coin used in the Federal Republic of Germany until 2001 ==Pfennig since the euro==