CURRENCY
100 MILLION MARK Banknote 1923 P21
Key Facts & Value
Key Fact
Description
This German banknote features the denomination of 'Einhundert Millionen Mark' (One Hundred Million Mark). It showcases ornate guilloche patterns and two Imperial Eagles on the reverse. The note is dated August 22, 1923, indicating it was issued by the Reichsbankdirektorium during a period of extreme hyperinflation.
History
Issued in 1923, this banknote represents a pivotal moment in German economic history during the Weimar Republic. The hyperinflation of that era rendered currency virtually worthless, necessitating notes with astronomically high denominations like one hundred million marks. The Reichsbank was responsible for issuing this currency, reflecting the dire economic circumstances.
Facts
The immense denomination of this note is a stark reminder of the hyperinflation that plagued Germany in the early 1920s. Such notes were printed in massive quantities and quickly became insufficient as the mark's value plummeted. Collecting these notes offers a tangible connection to a period of profound economic instability and social upheaval.
Value Fact
Notes from the German hyperinflation period, especially those with very high denominations, are popular with collectors interested in monetary history. Their value depends on condition and rarity, with uncirculated examples commanding higher prices. The demand is driven by the historical significance and the dramatic economic narrative they represent.
Item Details
Official Details
Variation Details
jzier1172 Details
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