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This coin was part of the old Deutschmark and pfennig system that was used prior to the introduction of the euro in 2002. At the time the exchange rate was roughly 1 DM = 50¢ U.S. There were 100 pfennige* to the mark, so your coin is, I'm sorry to say, only worth one-half of a U.S. cent.

(*) "Pfennige" is the plural of "pfennig". The word is the source of our "penny".

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Q: What is a Bundesrepublik Deutschland 1989 1 Pfennig worth?
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