1923 HESSISCHE LANDESBANK 5 BILLION MARK 517517E

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SKU: 1923HESSEN5BILLIONMARK517517E-D25 Category:

Description

Now here is a truly massive hyperinflation bank note from 1923 Germany.

Valued at 5 Billion Mark and issued in Darmstadt in 1923 it is a big value note with a small price to you.

One of the nice things about this note is the repeater serial number with the 517 517 combination.

It is about uncirculated or aUNC with one small mark in the upper left corner of the reverse but apart for that it displays very minor wear for its age.

One of the less frequent notes from this era it makes a great addition to your bank note collection.

Additional information

SKU

Design

Hessische Landesbank Notgeldschein / emergency money 

Value:          5 Milliarden / 5 Billion Mark
City:             Darmstadt
Date:           1.10.1923
Serial:          6 numbers in red ink with serial letter E
Catalogue:   Grabowski
8.b.
Size:            125 x 77 mm

History

On June 1, 1953, Hessiche Landesbank Girozentrale arose from the merger of Hessische Landesbank Darmstadt Girozentrale (founded in 1940), Nassauische Landesbank Wiesbaden (founded in 1940) and Landeskreditkasse zu Kassel (founded in 1832). In the 1970s, a financial scandal brought Hessische Landesbank into serious difficulties. On July 1, 1992, a state treaty between Hesse and Thuringia on uniting the savings banks organizations of the two federal states brought about the creation of a joint Landesbank. As a result, it was the first Landesbank to operate outside a single federal state’s boundary. In the year 2005, Helaba acquired Frankfurter Sparkasse and thereby entered further into private customer business, which it had already conducted through its Darmstadt Branch and at its Kassel location through Landeskreditkasse zu Kassel.

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