CURRENCY
German 500 Million Mark Banknote (1923) P113a
Key Facts & Value
Key Fact
Description
This is a German Reichsbanknote worth five hundred million Mark, issued in 1923. The note features intricate decorative elements with a large 'M' on the left and the denomination clearly displayed. The reverse is plain. The serial number '169421' is visible on the right side of the obverse. This banknote is a testament to the hyperinflationary period in Germany.
History
This banknote originates from the tumultuous Weimar Republic era in Germany, a period marked by severe economic instability and hyperinflation following World War I. The Reichsbank, as the central bank, issued these high-denomination notes to cope with the rapidly devaluing currency. The date January 1, 1923, indicated on the note, places it within the peak of this economic crisis.
Facts
The sheer magnitude of the denomination, 'Fünfhundert Millionen Mark' (Five hundred million Mark), highlights the extreme hyperinflation experienced in Germany during 1923. This was a time when money lost its value so rapidly that people needed bags of cash for basic transactions. Such notes are significant historical artifacts, offering a tangible connection to one of history's most dramatic economic collapses.
Value Fact
Notes from this hyperinflationary period, especially in good condition, are sought after by collectors interested in monetary history and economic curiosities. The condition of the note significantly impacts its value, with higher grades commanding higher prices. While not typically rare in terms of existence, well-preserved examples are more desirable.
Item Details
Official Details
Variation Details
jzier1172 Details
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