1920 DARLEHNSKASSENSCHEIN 2 MARK EMERGENCY MONEY

AUD$5.95

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SKU: 1920DARLEHNSKASSEN2MARKEMERGENCYMONEY-D23 Category:

Description

This is the second of these 2 Mark notes that we have on offer here at Noteworthy Collectibles.

Issued by the Weimar Republic, the name for Deutschland after the World War One, this 1920 emergency money banknote or notgeld is in pristine mint, uncirculated condition.

Indeed what truly a fantastic example it is.

Corners are sharp, with no creases or folds. No staining exists anywhere and it has a deep rich ink coloration.

The embossing on the stamp is very clear and it has not been flattened. Another huge plus point in its favour.

It is almost 100 years old and has obviously been very well stored during this time.

An opportunity to upgrade your collection exists here.

Additional information

SKU

Design

Darlehenskassenschein – State Loan Currency Note – Weimar Republic / Deutschland
Value: 2 Mark
Catalogue: Ro. 65b
Date: 1.3.1920
Size: 100 mm x 65 mm
Watermark: Diamond
Grade: Uncirculated

History

Following the First World War, Germany found itself under the Versailles Treaty making vast reparations to the countries it fought against.

Livestock, food stuffs and production from mining and industry was leaving the country without generating any income.

At the end Germany was left with nothing to trade and so began the period of hyperinflation which would ultimately collapse the economy.

A great deal of additional currency was printed by the Weimar republic to pay workers their state benefits even though the money issued was not secured. more and more payments were made with what was basically worthless money which in turn led to spiraling wage increases and an ever growing list of bankrupt companies.

With France and Belgium controlling the Ruhr Valley, Germany’s largest and most profitable industrial zone, the country’s economy eventually floundered. In late 1923 the Rentenmark was introduced in an action known as redenomination. One trillion Papiermark ( Paper Mark) for One Rentenmark. Following this action and  a return to a currency with value, the Germans resumed repayment of the reparations as laid out in the Versailles Treaty. In return the Ruhr Valley was returned to them via the auspices of the new Locarno Treaties.

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