I have a co-worker who has this note. (sorry i do not have a scan of it) he was asking me about the value of it. The Standard Catalog Of World Paper Money books, say that if the note is anything less then UNC condition it is valued at "FV" which i am assuming means fave value. The problem comes when this cowaorker told me that the banks over in Germany are no longer taking in old currency for conversion. So, if they are not, then there is no monetary value to the note, only numismatic value. So, with my refereance books teling its worth fave value, but it not having a value... does anyone know what its numisamtica value is?? In the event that he might be mistaken, that german banks do indeed still redeem older notes for conversion, could someone who might live in Germany verify that for me? If hey are still convertible, i will offer him the current conversion, if i can find it. I know lots fo folks will ask for a pic. i am sorry i cannot get one. I am at work, and they will frown heavily if i scan a foreign note since its not work related The note is in good condition. No tears, heavly circualted, major fold down the vertical center. Stains and smudges are evident mostly everywhere. Hope this is an acurate enough description.
No idea about the possible collector value (I do not collect "paper", just enjoy looking at some of the notes) but any cash ever issued in the Federal Republic of Germany is redeemable "forever". (With the exception of one coin from the 1950s.) But your co-worker is right - commercial banks will, in general, not accept them. You would have to take or mail it to the central bank (Deutsche Bundesbank) instead ... Christian
thanks for the reply chrisild! would you happen to know the conversin rate they are using to cash in the olde rnotes?
The official conversion rates are here: http://www.ecb.europa.eu/bc/intro/html/index.en.html#fix So 20 DEM would be €10.23 - currently about $15. If you want to exchange your note, here is the How-To page in English ... http://www.bundesbank.de/bargeld/bargeld_faq_banknotendm.en.php#dm_umtausch In case you find out the note has no particular collector value, and bringing or mailing it to Germany would be costly, you could send it to a friend of mine in the US who could then send you a check in US dollars. Christian
While visiting Germany on a yearly basis, I have found German citizens having Marks (coin form) and do not bother with them. My German colleagues have all told me it is not worth thetrouble to exchange them... Interesting huh?? RickieB
grab em all RickieB .. heck if they dont care, grab em ... i think you know a few people on this forum who would LOVE all them nice german coins well, at least ONE, im not sure who that MIGHT be... but well ...
Depends. For me, the nearest Bundesbank branch office, here in Düsseldorf, is just a few subway stations away. Now I would of course not go there in order to have 1 mark exchanged into a whopping €0.51 ... but if I had, say, 10 marks, that may well be different. Also, I go to the Bundesbank a couple of times per year anyway, to pick up new commemorative and maybe collector coins. So if I ever come across old pieces (remember that even the "most recent" DM cash was taken out of circulation six years ago), I will keep them around here for a while and then take them with me. Now if I lived somewhere in the countryside, or did never have the time to go to the Bundesbank, I may well say, phhh, why bother. Christian
i never thought it would be considered inconvienient to exchange olde rnotes for the nerwer euro. have you ever thought about maybe posting here inthe open forum i am sure someone would be willing to buy for face
