CURRENCY
Reichsbanknote 500 Millionen Mark
Key Facts & Value
Key Fact
Description
This is a German 500 Million Mark banknote from 1923, identified as variant DB-1. The obverse features ornate scrollwork and the text 'Reichsbanksnote', indicating it's a Reichsbank note. The denomination is prominently displayed as 'Fünfhundert Millionen Mark'. The banknote also bears the seal of the Reichsbankdirectory.
History
This banknote originates from the hyperinflationary period of the Weimar Republic in Germany. The Reichsbank issued these enormous denominations to keep pace with the rapidly devaluing currency. The note was issued in Berlin and dated September 1, 1923, a time when the Mark's value plummeted dramatically, making such high denominations necessary for basic transactions.
Facts
The staggering denomination of 500 million Mark on this note is a testament to the extreme hyperinflation experienced in Germany during 1923. At its peak, prices doubled every few days. Such high-value notes became commonplace, reflecting the economic chaos of the era and the loss of faith in the currency. Collecting these notes offers a tangible link to one of history's most dramatic inflationary episodes.
Value Fact
German hyperinflation notes, especially those with high denominations like this 500 Million Mark issue, are popular among collectors due to their historical significance and extreme values. Condition plays a significant role, with uncirculated examples commanding higher prices. This note's specific variant and any known rarity could influence its market value, generally ranging from $5 to $25, depending on preservation.
Item Details
Official Details
Variation Details
jzier1172 Details
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