A pfennig is a German "penny" and would not have gold in it. Would normally be brass or copper. If shinned up can look much like gold
There are 100 pfennigs in one euro. The pfennig was the subunit of the German mark, which was replaced by the euro in 2002. When the euro was introduced, the conversion established that 1 euro equals 100 pfennigs.
A groschen was the subdivision of the Austrian Schilling. 100 Groschen = 1 Schilling.A pfennig was the subdivision of the German Mark. 100 Pfennigs = 1 Mark.Both currencies no longer exist, and both Pfennigs and Groschen are worthless.Since 2002 both Austria and German have used the Euro ('€') as currency.
Germans.
Ten pfennigs is worth one-tenth of a Deutsche Mark, as the pfennig was the subunit of the German currency before the Euro was introduced. In terms of Euro, ten pfennigs would be approximately 0.051 Euro, given the conversion rate at the time of the Euro's introduction. However, pfennigs are no longer in circulation, so their value is primarily of historical interest rather than practical use.
Old German pfennigs, especially those that are rare or in good condition, can have numismatic value to collectors, but their face value is no longer valid since Germany transitioned to the euro in 2002. Common pfennigs typically hold little to no monetary worth beyond their collectible appeal. If you have specific coins, it's advisable to consult a numismatic expert to determine their value.
because gold is made of gold (from the periodic table of elements
because it is gold
Gold is considered a precious metal due to its rarity, beauty, and resistance to corrosion. It has been used for jewelry, currency, and as an investment for thousands of years.
30¢ at the exchange rate in effect when Germany switched to euros.
Before adopting the Euro - the German currency was called the Mark, which was divided into 100 pfennigs.
How much is a 1962 Deutschland 2 cent penny worth
16 KT would not be considered pure gold as it would still have additives or alloys like copper mixed in with it. Pure gold would be 24KT which is 99.9 % pure.