after WW1 (ended 1918)-- in the 1920 to 1924 era germany hyper inflated its money due to huge war reoperatuion debts imposed on it by the allies -- basically the allies told germany --you are going to have to pay us back the cost of going to war with you. -- this of course crippled the german economy and the german govt said --fine we will pay you --so they printed up HUGE amounts of paper mark money with no backing behind it (thus the international exchange rate of marks to foreign money fell wildly)-- thus the german mark bills became like monoply money --it started taking more and more of them to buy anything * -it got so bad that they were printing million mark notes -just so folks would not have to take a wheelborrow full of small value mark bills to the store to buy a loaf of bread.
in 1893 when this coin was made germany was a strong country still -- but copper nickel blend was in common use --in higher value coins silver was used at this time.