Dear karbonbased, Your 1901 German mark catalogs for $20 US dollars in almost uncirculated condition, but the fact that your coin has scratches lowers that value substantially, probably to $5 or so. The coin in the picture is a little dirty, but dirt and wear are different than scratches and gouges. Coin collectors figure that dirt and wear cannot be avoided, but scratches and gouges are damage.
NEVER CLEAN A COIN. CLEANING RUINS VALUE.
These old marks from the German Empire are only worth a few dollars in worn condition, but they get more valuable with less wear, especially for older dates. They are made of 0.161 troy ounces of silver, so they can never be worth less than their silver value.
GENERAL VALUES 1 MARK BEFORE 1888:
worn: $5 US dollars approximate catalog value
average circulated: $10
well preserved: $30
fully uncirculated: $80
GENERAL VALUES 1 MARK 1888 TO 1900:
worn: $4 US dollars approximate catalog value
average circulated: $9
well preserved: $25
fully uncirculated: $60
GENERAL VALUES 1 MARK AFTER 1900:
worn: $3 US dollars approximate catalog value
average circulated: $8
well preserved: $20
fully uncirculated: $40
In addition to these general rules, here are some better dates and mint marks. The approximate catalog values provided below, after the date and mint mark, are for coins in average circulated condition. Mint marks appear in duplicate under the eagle.
1874B, C: $15
1878C, E: $30
1878G, J: $20
1880E, F: $30
1880G, H: $70
1881G, H, 1882G: $25
1885G, J, 1886E: $18
The best coin in the bunch is an 1905F which catalogs for $1000s of US dollars.
The dollar figures above are catalog values. See our Terminology page for a detailed description of what 'catalog' means.