CURRENCY
Reichsbanknote 500 Millionen Mark (1923) P34a
Key Facts & Value
Key Fact
Description
A German Reichsbanknote with a denomination of 500,000,000 Mark, issued in 1923. The banknote features ornate designs and German text detailing its exchangeability. It bears the denomination in large font and includes security features like the Reichsadler emblem and signatures from the Reichsbankdirektorium. The note is designated as variant DB-1 and has the serial number 168422.
History
This banknote originates from the hyperinflation period of the Weimar Republic in Germany. The year 1923 was particularly extreme, with the currency rapidly losing its value. Such high denominations were issued to keep pace with the runaway inflation, reflecting the dire economic conditions faced by the German populace during this tumultuous era.
Facts
This banknote is a stark reminder of the hyperinflation that gripped Germany in the early 1920s. The sheer magnitude of the denomination reflects the complete collapse of monetary value. These notes were often printed in vast quantities and became virtually worthless in a very short period, impacting everyday life and savings.
Value Fact
High denomination hyperinflation notes from Germany can be quite collectible, with prices varying significantly based on denomination, condition, and rarity. This particular note, with its massive denomination and historical context, would appeal to collectors of German history and economic anomalies. Prices can range from tens to hundreds of dollars depending on the grade.
Item Details
Official Details
Variation Details
jzier1172 Details
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