Marquetten dukesmark

Marquetten dukesmark
Fourth series 100 dukesmark
IMSO 2
Code	MQD
Denominations
Subunit
​1⁄20	Groz
​1⁄240	Para
​1⁄960	Polushka
Plural	Dukesmarks
Groz	Groschen
Para	Pari (as a unit) Paras (as a coin)
Symbol	ℳ
Groz	/~
Para	П
Polushka	None official Unofficially: Pol, Pl., pk, p.
Nickname	Marks
Groz	Groat Crown (10/~)
Para	Pieces, parts
Banknotes
Freq. used	6П, 1/~, 5/~, 10/~, ℳ1, ℳ2, ℳ5, ℳ10, ℳ25, ℳ50
Rarely used	1П, 3П, ℳ100, ℳ96 (commemorative) ℳ1,000,000 (not in circulation)
Coins
Freq. used	5П, 6П, 1/~, 2/~, 5/~, 10/~, ℳ1, ℳ2
Rarely used	½П, 1П, 2П, 3П, 6/~, ℳ1/1/~, ℳ5 (commemorative)
Demographics
Date of introduction	12 Decemeber 2019
User(s)	Marquette
Issuance
Central bank	Bank of Marquette
Mint	Mint of Duchessgrad
Valuation
Pegged by	Badish Dirham at Đ1=15/~ Arqvilliit paun at £1=ℳ1/2/5П see §Pegged currencies

The dukesmark (symbol: ℳ; code MQD; also abbreviated Mℳ to distinguish it from other mark denominated currencies) is the currency of the Grand Duchy of Marquette. Originally created in 2019. The current series was created in 2022.

Etymology

The name "dukesmark" is a combination of the word "duke," the system of government of the Grand Duchy, and "mark," from the former german currency, the deutsche mark. The Para is from the de jure subdivision of the Serbian dinar, the groz and polushka are from former subdivisions of the Russian ruble. The polushka is relatively unknown outside of taxes and is usually written as a fraction of a para.

Units

the subdivisions of the dukesmark are based on the Carolingian monetary system.

Decimal

the decimal mark (symbol: ) and was subdivided into 100 dukespieces (symbol: ). The dukesmarks issued by the Marquetten Lighthouse Board retain the decimal piece, however the symbol p is generally used as opposed to the traditional .

History

Currency sign used for the first Dukesmark.

First Dukesmark

The First dukesmark was created in mid 2019, they were pegged to the U.S. dollar. the first series notes were disbanded because they were too time consuming to make as they were hand drawn.

The Second series of notes was created sometime early 2020, They were created digitally and printed off and saw much wider circulation. Planned coinage remained the same, hence the disparity between the series of coins and note in circulation.

Second Dukesmark

The Second dukesmark was created on 12 May 2021 and was the first to be pegged to Marquettes' most valuable produce—potatoes. It was also the only series to follow the divisible system (each note being half the next largest).

Third Dukesmark

The Third Dukesmark was created with the 2023 constitution of Marquette and reformed the dukesmark to use the Carolingian monetary system and revalued from an individual potato to one Marquetten pound of potatoes. The third series notes will continue to be accepted as legal tender until 2028 at an exchange rate of 4 decimal to 1 non-decimal, however the old mark has already fallen out of general circulation.

Redenomonation error

While the official rate of 3rd dukesmarks to new dukes marks was originally intended to be 5.34 to 1, it was noted early on that that number was based on an outdated value of potatoes, while this was quickly fixed for banknote exchange the number 5.34 would remain the de jure rate until June 26 2023.

fourth series notes resizing

following a test print on November 25th and a several week long discussion, the height of the fourth series notes were set at 3 inches. As opposed to 82mm, which was originally proposed.

Coins

Main article: Coins of the Marquetten dukesmark

The para and most groz denominations currently only exist legally as the Grand Duchy of Marquette currently does not have the means to create coins, although some coinage designs have been planned.

Third series coins
Denomonation	Design		Diameter	Thickness	composition		edge
	Obverse	Reverse			interior	extirior
½П	Marquetten rose	denomonation	45pt	3pt	Aluminium		Smooth reuleaux square
1П	Nada I*	Personification of Marquette	48pt	3.5pt			Smooth
2П	Robert W.	wren	50pt	4pt	Copper
3П	Nada I*	Sand burr	52pt	4pt
5П	Tsar Rurik I	Rurriked symbol	55pt	5pt
6П	Nada I*	Portcullis	60pt	5.5pt			milled
1/~	Nada I*	wreath	63pt	5.5pt	Nickel
2/~	Nada I*	Knight slaying a dragon	65pt	6pt			spanish flower
5/~	Nada I*	galleon	1in	6pt			milled
		see colonial 5/~ coins
6/~	Nada I*	White oak tree	1in 5pt	6.5pt			milled reuleaux hexagon
10/~	Nada I*	Coronation of Nada I	1in 10pt	6.5pt	Nordic gold	Nickel	beringgit
ℳ1	Nada I	Arms of Marquette	1in 15pt	7pt	Nickel	Nordic gold
ℳ1/1/~		Arms of Marquette, Badis, Socorro, and House Reynolds-Romanov	1in 20pt	8pt	Nordic gold		milled
ℳ2		Long cross	1in 35pt	8pt			✯PRO POPVLO MARQVETTE upright and inverted.

*placeholder design

Banknotes

Main article Banknotes of the Marquetten dukesmark

Dukesmarks are manufactured with a laser printer. The current fourth series of notes is planned to be superseded in 2024 for the five year anniversary of Marquetten Independence.

fourth series notes
Image		value	Dimensions (in)	Main Colour		Description		Date of
Obverse	Reverse					Obverse	Reverse	Printing	Issue
		10/~	4.62×3in		Vert	Nada I of Reynolds-Romanova	View from duck lake bridge	December 2022	January 2023
		ℳ1	4.84×3in		Sable	Valery Sablin	reply of the zaporozhian cossacks by Ilya Repin	December 2022	January 2023
		ℳ2	5×3in		Purpure	Olga Andreevna	arms of House Romanov and Reynolds with Reynolds-Romanov centered	December 2022	January 2023
		ℳ5	5.19×3in		Guiles	Immanuel Kant	signing the Marquetten constitution	December 2022	January 2023
		ℳ10	5.36×3in		Azure	Huey Long	Farmer ploughing his field	December 2022	January 2023
		ℳ25	5.56×3in		Argent	Lynn I Reynolds	Grand Ducal Palace	December 2022	January 2023
		ℳ50	5.68×3in		Or	Yuri Gagarin	Pale Blue Dot	October 2023	November 2023
		ℳ100	6×3in		Ermine	Nada I of Reynolds-Romanova	Dreadnought battleship	December 2022	January 2023
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Commemorative banknotes

Commemorative banknotes
Image		value	Dimensions	Main Colour	Description		Date of
Obverse	Reverse				Obverse	Reverse	Printing	Issue
		ℳ96 (originally planned to be 96, about ℳ17/19/6П)	168.656×82mm	red	portrait of HM Queen Elizabeth II	Balmoral castle
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Ersatz notes

Main article: Notgeld

Prototypical Ersatz note, from Duchessgrad.

Ersatz notes are banknotes locally minted in chiefly the value of the missing national coinage. Their design varies between issuing location greatly but they are typically quite simple. they frequently have an expiry date built in. Ersatz notes have seen diminishing circulation in recently due in large part to the release of official fractional banknotes.

Official fractional notes

Due to the continuing inavailability of coinage the Marquetten government has approved the issue of notes denominated 1П, 3П, 6П, 1/~, and 5/~. Marquetten fractional notes will go through demonetization 2 years following the minting of national coinage.

fourth series fractional notes
Image		value	Dimensions (in)	Main Colour		Description		Date of
Obverse	Reverse					Obverse	Reverse	Printing	Issue
		1П	4×2.4in		Dark gray	Nada I	Personification of Marquette
		3П	4.15×2.4in		Copper		Sand burr
		6П	4.29×2.4in				Portcullis
		1/~	4.45×2.4in		Silver		wreath
		5/~	4.62×2.4in				galleon

Value

Main article Potato standard

The value of the dukesmark is tied to the price of potatoes.

Pegged currencies

Main article: List of currencies pegged to the Marquetten dukesmark

There are over 40 currencies pegged to the dukesmark, the overwhelming majority of which are colonial issued currencies this is a list of the 10 most notable.

• Badish Dirham at 15/~
• Arqvilliit paun at ℳ1/2/5П
• Marcus covite dollar at 15/~
• Superior Regional Groz at 1/~
• Esreb Colony thaler at 5/~
• Baily Islander crown at Cr.1= 10/~
• Marquetten Indochinese piastre at Pt1=3/~
• Jarvis Islander Mtn Dew at 🜟1=ℳ3/15/~

Exchange rates

Year	USD	GBP	EUR	JPY	CAD	TWD	RUB	INR
2024	$1.39	£1.05	€1.26	¥159.03	CA$1.76	NT$38.97	₽171.74	₹105.86

Year	MQD	BDD	SCR	AA£	EIŦ	YPD	SR/≈
2024	ℳ1	Đ1.34	☆0.56	£0.89	Ŧ4	Y$5.83	20/≈

Legal status

The dukesmark is the official currency used in the Grand Duchy of Marquette it is also accepted in some capacity by all member states of the Duchessgrad Agreement.

See also

• Currency
• Despotate of Socorro
• Grand Duchy of Marquette