1000000 mark
Germany · 1923
Issued by the Reichsbank and dated 9 August 1923, printed on one side only. The front carries the value in large bold lettering, with two eagle seals, the directors' signatures and a green ornamental panel on the right. The text states that the note could be called in from 1 September 1923. It was issued at the height of the hyperinflation, which ended in November 1923 when the Rentenmark replaced the paper mark at one trillion to one.
What it boughtOn the date printed on it, 9 August 1923, an inland letter in Germany cost 1,000 marks to post, so this note would have paid for 1,000 letters. By December 1923 the same letter cost 100 billion marks.
- Ref
- 663; 664; 665
- Country
- Germany
- Issuer
- Germany
- Denomination
- 1000000 mark
- Catalogue number
- Pick 102
- Date
- 1923 (printed on the note)
- Estimated value
- £0.45 to £3.71 · price guide: Numista prices for 1923 Reichsbank inflation notes
- Grade
- VF, EF (estimated from photos)
- Copies in the collection
- 3