1923 REICHSBANKNOTE 10 BILLION MARK

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SKU: 1923REICHSBANKNOTE10BILLIONMARK-D23 Category:

Description

Yes indeed that is really 10,000,000,000 Mark which in real terms meant that 420 of these notes were worth around one American Dollar.

The note on offer here, as evidenced by the pictures, was only printed on one side to save ink, the paper is thinner and would probably rate at around 50-60 gsm. Modern day A4 is around 80 gsm for most printer paper.

It has some small marks and creases but makes for a fascinating coffee table discussion item.

Additional information

SKU

Design

Reichsbank Berlin
Hyper Inflation banknote issue
10 Milliarden Mark  (10 Billion Mark)
15.9.1923
Ro.113.d

170 mm x 86 mm

History

In November of 1923 the American dollar was valued at 4,210,500,000,000 German marks.Hyper inflation spiraled out of control and around the country some 300 paper mills were working at top speed to make paper that went out to over 150 different printing companies which in turn were running some 2000 printing presses around the clock to meet demand for the nigh worthless banknotes. Children used bundles of money to build play structures in playgrounds and on the streets whilst some people found that it was cheaper to burn bundles of banknotes than to buy firewood.

Goods were at a premium as costs spiraled skyward. Farmers refused to deliver goods as the payment they received was basically worthless. Families and workers turned to looting farms for vegetables and fruit. Many workers were paid up to 3 times daily, their wives taking the money and running for the local store in an attempt to buy something before the money became totally worthless.  Food riots were common place and unemployment soared as the economy collapsed.

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