1000000 mark
Germany · 1923
Issued by the Reichsbank and dated 25 July 1923, printed on one side only. The front carries the value in large bold lettering with two eagle seals and the directors' signatures. 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, 25 July 1923, an inland letter in Germany cost 300 marks to post, so this note would have paid for 3,333 letters. By December 1923 the same letter cost 100 billion marks.
- Ref
- 668; 669; 670; 2512
- Country
- Germany
- Issuer
- Germany
- Denomination
- 1000000 mark
- Catalogue number
- Pick 94
- Date
- 1923 (printed on the note)
- Estimated value
- £0.71 to £1.20 · price guide: Numista
- Grade
- F, VF (estimated from photos)
- Copies in the collection
- 4