This silk bank note is in remarkable condition and is a truly lovely example of the cloth notes issued in this region during the hyper inflation period of 1922. Notes during the crisis were printed on any materials to hand and examples of linen bank notes, velvet bank notes, wooden banjoes and even ones impressed in aluminium exist for the discerning collector. Some of the silk notes were in fact made from abandoned parachutes as well as locally woven material.
Many examples are available but few are of this quality with fresh vibrant colours that look as if they were only just printed.
Each side of the note was printed separately and then the two sides were sown together. Some examples have ornate lace borders and these notes demand premium prices.
Any collector of this type of currency would find it a beautiful addition to their collection. This is bank note is real history to hold and admire and almost a century old at that.
BIELEFELD 1000 Mark 1922
Issued by: Bielefeld, Stadtsparkasse.
Value: 1000 Mark
Date: 15. 12. 1922
Material: White silk
Catalogue: Grabowski 59 b.
Despite most emergency money bank notes being printed on paper the supply of paper at the end of World War I was never in danger and made the industry a highly profitable one.
In Bielefeld one man took it upon himself to change that and to issue bank notes that held more of an historical meaning for the immediate region. Bielefeld was a major centre for the weaving of silk and linen and so it seemed to appropriate to him to make bank notes of the same material.
The former Savings Bank Director Paul Hanke was a tireless promoter of the regions marketing strategies and he was a strong influence on the quality, design and materials used in the Bielefeld notgeld or emergency money issues.
The notes themselves have a great deal of intricate design work and include religious texts from the bible as well as fables. The stories behind the history of each note issue are many and varied and only with extensive research can one begin to understand what they are actually portraying.
The notes themselves were more of a token than an actual bank note and were used between traders to keep a balance of payments.
As speculation within the notgeld market grew more unmanageable the Reichstag or German Parliament issued a new law in 1922 relating to the issue and the redemption of tokens within the monetary system and this was signed into law by President Ebert on 17 July 1922.