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Description
GERMANY BREAD 1816-1817 COPPER TOKEN 1 Brod Elberfeld Korn Verein 24mm (18 327)CIRCULATED UNCIRCULATED : Circulated MODIFIED ITEM : No COUNTRY REGION OF MANUFACTURE : Germany GERMANY BREAD 1816 1817 COPPER TOKEN 1 Brod Elberfeld Korn Verein 24mm Lettering: SO HABT IHR IN DER NOTH 1817 I BROD Translation: For use in an emergency 1817 1 Bread Reverse: Written around the edge "KAUFT IN DER ZEIT 1816" in the middle "ELBER FELDER KORN VEREIN" in four lines. Lettering: KAUFT IN DER ZEIT 1816 ELBER FELDER KORN VEREIN Translation:
- CIRCULATED/UNCIRCULATED : Circulated
- MODIFIED ITEM : No
- COUNTRY/REGION OF MANUFACTURE : Germany
GERMANY
BREAD 1816-1817 COPPER TOKEN
1 Brod Elberfeld Korn Verein
24mm
Lettering:
SO HABT IHR IN DER NOTH 1817
I
BROD
Translation:
For use in an emergency 1817
1 Bread
Reverse: Written around the edge "KAUFT IN DER ZEIT 1816" in the middle "ELBER
FELDER KORN VEREIN" in four lines.
Lettering: KAUFT IN DER ZEIT 1816 ELBER FELDER KORN VEREIN
Translation: Bought in the time 1816 Elberfeld corn association
The town of Elberfeld was an important exporter of textiles in the 18th and 19th
centuries. With the French Revolution, an important export market was
unavailable and the unemployment and poverty in the town and surrounding area
rose sharply, local farmers no longer were able to meet the food demands of the
local population. As a result of these acts of war and crop failure the price
for the necessary food imports increased strongly. A local Association of grain
was formed in Elberfeld to fight the plight of the poorest as a means of
alleviating their hunger. as due to inflation a loaf of bread cost in February
1816, 14 ½ Stüber, the daily wage of a Weaver in July was only 23 Stüber. The
plight of the people was so great that in 1818 mortality increased by 35%
compared to the year 1815, and the birth rate decreased by 35%.
The Elberfeld grain Association was formed by Jacob Ader, a banker and Mayor of
Elberfeld. Founded under his leadership in July 1816, 56 citizens drew shares
(at an interest rate 5%) of 74,000 Thalers, one hundred other citizens secured
the project with 50,000 Thalers against any subsequent losses.
The money was used to buy cheaper grain in the North and under market value
flour which was transferred to the Elberfeld region. The price difference of
this subsidized bread was about 5 Stüber, and caused some bakers to try and
achieve a larger profit through adding different ingredients to the mix
(sometimes with plaster!) or bake smaller loaves for sale in the surrounding
areas. This necessitated the issue of copper marks, which the bakers were only
allocated per copper mark an equivalent amount of flour, so stopping the fraud.
The grain Association ceased its activity in 1817 when the situation had
improved. With a profit of 13,000 Thalers, Elberfeld was able to build its first
hospital.
REF 18 327
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