Jeff Smith, President and CEO Treasuredstocks.com

Jeff Smith, President and CEO Treasuredstocks.com
Jeff Smith

Monday, November 7, 2016

What if Operation Bernhard had worked as planned?

Operation Bernhard
A quiet rebellion like no other! 


Creating an economic and financial terrorist attack on the WWII British and allied forces was the mission and purpose of Operation Bernhard  (1942-1945). Though primarily a secret German attack on the British Pound, the US $100 bill was also included in this viscous plot.  
To date, Operation Bernhard produced the most dangerous assault on a financial empire in recorded history. 

 The Operation Bernhard plot was conceived during Germany’s early WWII secret Nazi efforts to destroy Briton’s economic base as well as its financial future. The goal was to mass produce counterfeit Bank of England (BOE) British pounds – £5, £10, £20, £50 denominations – and then flood the UK with the worthless notes causing wide-spread economic inflation and collapse. Named after the plan’s director and operations manager, SS Major Bernhard Kruger, Operation Bernhard  (he named the plot after himself) is considered history’s largest counterfeiting campaign. 

Kruger gathered up an initial expert counterfeit team of 142 Jewish prison camp inmates. He found his victims in Sachsenhausen, Auschwitz, and other concentration camps. (Sachsenhausen was the primary location of this operation.) This counterfeit team of prisoners was forced to engrave the ornate and complicated printing press plates. They also had to develop methods for producing the special rag-based paper and watermarks. Most importantly, these Jewish inmates developed techniques for breaking the BOE code needed in order to generate authentic serial numbers. Thus, these notes are considered some of the most perfect counterfeit notes ever made. 

Fortunately, it was the tenacity and heroism of the people of England that ultimately saved their country from economic ruin. The original plan was to take plane loads of these counterfeit notes and drop them onto the UK countryside. Fortunately, the German Air Force did not have enough planes to effectively complete the mission – their air force was occupied with bombing Great Britain and fighting off the Royal British Air Force pilots and crew. Simultaneously, Operation Bernhard was transferred to the SS foreign intelligence. 

At its peak, about 1 million BOE notes were printed each and every month. As an aside, though $100 bills of US currency were created by Operation Bernhard’s expert counterfeit team, full production was halted on February 22, 1945 and the US $100 printing press destroyed. 

Most, but not all of these counterfeit BOE notes were discovered by divers in 1959, at the bottom of Lake Toplitz. (this Austrian lake was near the final location of the counterfeit team). Tons of notes were dumped there in 1945 by the Nazis, just before surrender. Evidence suggests that some notes “escaped” and were used by the Jewish underground to purchase needed equipment and supplies and to finance Jewish immigration to Israel. Additionally, German SS officers laundered counterfeit notes in Northern Italy and then used them as payment for imported goods, espionage services, and rescue operations. 

Operation Bernhard Bank of England (BOE) notes are increasingly rare, in high demand, and highly collectible. Those from the bottom of Lake Toplitz show significant water damage, caused by over a decade of under-water existence. Others, which entered circulation during and after WWII are occasionally seen in currency auctions and war museums.

If these Operation Bernhard  notes could talk, what would they say of the starvation, hardship, torture, and overwhelming fear endured by their creators? What would they say of the failed German scheme to hit the UK at its financial core?

 Finally, what would these Operation Bernhard counterfeit  notes tell us about the real power of our human spirit? 
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For a look at some highly valued, rare, and collectible currency, visit us at 
http://www.treasuredstocks.com/currency/


We are official members of multiple numismatic-related organizations. Thus, Treasuredstocks.com welcomes any and all questions regarding our coin and currency postings and our passion for collecting coins and currency of all types.
We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com

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How to Start a Currency Collection

I want to start collecting coins and currency items; where do I start?

Collectors of coins and currency do so for many reasons. One of the most common collector is the hobiest who collects more for fun and appeal, rather than profit. Often, this attraction begins as a child who, by chance or purpose, receives an item that is both fascinating and historical.

An increasingly popular reason to pursue collecting of coins and currency is to do so as an investment Persons who use collections as a kind of investing do so with the idea that the value of the items, in singular or total, will increase over time. Supply and demand is the key concept here as well as a critical understanding that collections do not “make” money until they are sold and may even incur costs, such as the costs of safe and secure storage.

A third type of collector is the person who acquires a collection via inheritance. This person may or may not have any real interest in the items but appreciates potential value.

One great advantage we have today is the internet. For example, take a careful look around our Treasuredstocks.com web site and you will see over 4,000 items, of all categories, grades, and prices, all graded and all in full color view. And now a bit about grading. A graded item allows collectors to speak the same language when it comes to the condition of the item.

The term “Numismatics” refers to the study or collecting of coin/currency. A numismatist is someone who does this by hobby or profession. Here is a great web site to use, when learning more about such an exciting field. There’s even several links specifically designed for children.

http://www.numismatics.tv/

We are official members of multiple numismatic-related organizations. Therefore, Treasuredstocks.com welcomes any and all questions regarding our postings and our passion for collecting coins and currency of all types. We are here to assist you! Please give us a call at 870-670-4255 or email us at jeff@treasuredstocks.com