Antique Reichsbanknote HunderHaufend Mark 100,000 Mark Berlin, Germany 1923, Serial Number 19U.315468.
Reichsbank notes, valued at 100,000 Marks, were distributed in Germany from February to November 1923.
The Note is printed in black on rectangular, cream-colored paper, large margin to the right, in purple and grey ink, with a scalloped border. Serial number in green, signatures and seals clear, on the back large medallion with the note value in the center in red ink.
The front medallion depicts German artwork, Portrait of the Merchant Georg Gisze, created in 1532 by Hans Holbein der Jüngere. German efforts to finance World War I sent the nation into debt. Following their defeat, the Treaty of Versailles obligated Germany to pay reparations, which increased the nation’s financial struggles. The German government attempted to solve this problem by printing more money, which led to severe inflation. The inflation grew to critical levels between 1922 and 1923 when the exchange rate of the mark to the United States dollar went from 2,000 marks per dollar to well over a million in a matter of months. The government printed higher and higher denominations but could not keep up with the plunging rates. As a result, Germans began using worthless bills as kindling, wallpaper, and children’s crafts. In addition, the emerging National Socialist German Worker’s (Nazi) Party frequently used the bills to their advantage, writing anti-Semitic messages and blaming Jews for Germany’s financial problems. To stabilize the economy, the German government established the Rentenbank. The new Minister of Finance, Hans Luther, created the Rentenmark, which was backed by mortgages on all real property in Germany rather than gold. The Rentenmark was valued at 4.2 marks to one U.S. dollar, and its introduction on November 16, 1923, successfully ended the inflation crisis. Despite this, the Nazi Party continued to use people’s residual economic fears as a propaganda tool to gain power, eventually leading to Adolf Hitler becoming Chancellor in 1933.
This Note measures 7 5/8” by 4 9/16”.
This Note has been folded vertically twice; it has NOT been folded horizontally.
This is in very good condition. There are no tears, marks, highlighting, or underlining; slight wear with age; from a smoke-free environment.
This is from the B&D Collection.
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