A Complete Guide about the value of 1972 German Olympic Coin Set
The 20th Munich Olympiad took place on August 26, 1972, and was held in Munich. Munich is the powerhouse of finance where the real economy of the country thrives. Moreover, it is the biggest business destination in Germany with a steel and glass skyline.
In 1972, during the Summer Olympic Games at Munich, on September 5 morning, the apartment in which the participating athletes were staying was attacked. Two athletes died at the spot and 9 others were taken hostage. These Olympic Games were overlooked due to this reason.
Features of 10 Mark Olympic Coin
The 1972 Olympics Silver Coins are known to be the largest and famous coin series introduced by Germany. It was mainly introduced to celebrate the 20th Munich Olympics in 1972. This series contain 24 silver 10 Mark coins which represent the Munchen XX Olympiad.
This complete series of 24 silver coins contain almost 6 unique designs, each design issued by 4 different mints of Germany. You may find two particular designs identical to each other at the first glance, but they have a slight difference in inscriptions. Following are the main specifications of this series of the 10 Mark silvers coins.
- Denomination: 10 Mark (Face value in German Marks)
- Fineness: 0.625 (it represents the silver content in parts per thousand)
- Weight: 15.5 grams
- Diameter: 32 millimeters
- Silver Content: 0.3115
These six silver coin themes were generated with silver proof and uncirculated quality by four famous German Mints. However, these six coin themes were included in “Schleife”, “Stadium”, “Deutschland”, “Athletes”, “Flame”, and “Munchen”.
What do the Olympic Coins Signify?
In commemoration or honor of the Olympic Games 1972, the German government issued the 10 Mark 1972 Olympic Coin set with different mint marks, patterns, and edge lettering. There are certain German coins that are pretty ordinary and worth just the silver value of 0.311 troy ounces.
Thus, at $30 US dollars per troy ounce, it is approximately 30 x 0.311 = 9 dollars. However, there is only one category of these German coins that are more valuable than other coins. There are a few techniques that can help you determine if you are having the valuable coin or not. In order to find the worth of your German coin, you need to go through the following checklist.
- Firstly, you need to determine if your coin bears any spiral pattern in the picture at the top of the page in the right direction. It should not have any other pattern from 1972 with the blue background in the secondary picture. All coins with blue pictures belong to the 1972 German Olympic Coin set containing 10 Mark coins. These German coins are made of 0.311 troy ounces of silver. However, they are not worthy enough as compared to a bullion value.
- The German coin should contain lettering in Munchen instead of Deutschland in a spiral pattern on the side.
- These coins should not have periods or dots, while some arabesque symbols are on their edges. Coins having arabesque symbols are considered indefinable or elusive. However, other coins with pictures and blue backgrounds also have these arabesque symbols.
Thus, German coins that contain spiral patterns in the main picture with inscriptions in Munchen are more valuable, rare, and special among all coins. However, if a coin meets all these criteria mentioned above, it will be considered a special error coin. It will be worth a large amount of money. While other German coins are only worth their silver value. This is the last and concluding step to find out the value of the special German coin such as the Mint Mark F, G, J, or D.
Coin collection is fun, and there is a huge satisfaction in collecting these little treasures. People do not only collect coins as an investment. If they possess high-end coins, they may discover that these coins will increase in value after a certain period. Some people collect these coins in order to pass them on to their children and help them enjoy the collection you have been making since long.
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Coins which are issued in the honor of a particular place, event, issue, person or institution are known as collector coins. While collecting these minted coins, you must consider the value of each coin which generally depends upon some key factors such as, their historic value, overall cost, mint year, aesthetic features, scarcity and collectability.