The Great War was at its peak when this 5 Mark banknote was released on 1 August 1917.
The paper is overall in reasonably good condition. There is a small stain on the lower left of the obverse which would appear to be the remnants of an old paper clip or similar.
Interest among collectors for banknotes from this era has always been strong and particularly for notes that were issued by the Darlehenskassen.
If your looking to start a collection of German currency notes then this is a great and affordable place to start.
1917 DARLEHNSKASSENSCHEIN 5 MARK
Date: 1 Aug 1917
Value: 5 Mark
Issuer: Deutsches Reich, Germany
Size: 125 mm x 80 mm
Notgeld or emergency money made its very first appearance in to the German currency stream in July of 1914 shortly before the onset of the Great war. It would continue until late in 1923.
There were in fact so many varieties and different areas that there are a great many different catalogs for pricing and information relating to the different eras and areas.
In the start up phase more than 450 different localities released 5,500 banknotes or an average of around 12 different notes per release point. Even local retailers released their own trade notes. By 1923 as hyperinflation was truly at its peak almost 6,000 places released bank notes with varying designs and denominations. In that final year up to 70,000 various notes were recorded.
This of course escalated the further the Great War went on and with metal being in such shortage during the war, coins were deemed to have more value than the paper notes. Coin hoarding was seen as one of the few ways of maintaining some stable wealth.
The entire period from 1914 to 1923 truly is fascinating and for any numismatics buff a great area to sink your teeth into given the endless varieties.