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History in your Hands 

World Coins

1916T Gold 15 Rupien (Tabora Pound)

German East Africa

AU Details  

Details: 

        Slabbed 15 Rupien obverse damage:    Content: .7500 Gold   Weight: 7.1680gram

Description: 

The Indian rupee was the dominant currency used along the East African coast in the second half of the 19th century where it had marginalized the American gold dollar as well as the Maria Theresa thaler. The German East Africa Company acquired the right to mint coinage in 1890 and issued rupies which were equivalent to the Indian and Zanzibar rupee. The Company retained its coinage rights even after the takeover of German East Africa by the government later in 1890. In 1904 the German government took over currency matters and established the Ostafrikanische Bank.

The Rupie was initially equivalent to the Indian rupee. Until 1904, it was subdivided into 64 Pesa (equivalent to the Indian pice or paisa). The currency was decimalized on 28 February 1904, with 1 Rupie = 100 Heller. At the same time, a fixed exchange rate of 15 Rupien = 20 German Mark was established.

Flag of the German East Africa Company

The German East Africa Company was an organization established at the start of the German colonization of East Africa .

 One of the reasons for the formation of the German East Africa Company was politics occurring inside Germany. According to the “Kolonialpolitischer Fuhrer,” German Imperialism was conceived in the 1850s when the growth of the economy due to Industrialization caused German businessmen to look beyond Germany for business prospects. Later in the century, a newly unified Germany had to take a part in the exploration and expansion overseas if it was to be among the world’s leading imperial powers.

German East Africa (German: Deutsch-Ostafrika) was a German colony in East Africa, which included what are now Burundi, Rwanda and Tanganyika (the mainland part of present Tanzania). Its area was 994,996 km² (384,170 square miles), nearly three times the size of Germany today.