Hey everyone, I haven't been around for a while, but hopefully I will be able to spend a bit more time here from now on. I know this isn't a coin, but I thought perhaps someone here could help me out... can you help identify this note and its value? It looks to me like 100,000,000 (one hundred million) German Marks from 1923. I converted to US dollars and ended up with a value over $60 million... lol. I'm sure it's not worth anything like that, but sure seems like a lot of Marks! Thanks for your help! ~neuron P.S. I bought a metal detector yesterday and am anxious to start searching around here! Now if only winter would go away so the ground would thaw a bit... EDIT: I found this site which answers my question about monetary value... at one point, it took over 4 trillion (!!!) Marks to equal 1 Dollar. I'm still curious about numismatic value, though.
No idea about these, but i do know that 1920s Germany witness hyperinflation. At the time that hundred million marks was probably worth less than a US dollar, perhaps only a few cents. They used to take notes like that by the wheel barrowful when going shopping in Germany, and the shopkeepers went bust because the takings they took one day were worthless the very next. Germany was in a mess in the 1920s.
Hi nueron, I have one of those inflationary notes.......but it is only for a hundred thousand marks........I have no idea on your particular note but I did check the value on the one I have a few years ago and it was only worth about 7 or 8 dollars retail...........it may have changed up or down in that time.....sorry I could not be of any more help.......have you looked around the net to see if there is asite that lists the values?????
Germany not only had hyperinflation in 1923,so did Austria to a certain extent.Hungary's hyperinflation in 1946 has since been exceeded by Yugoslavia (now Serbia & Montenegro) in the early 1990's,when there were notes as high as 100 Billion Dinara.
Try this forum. These people are very helpful with paper money from all around the world. Rodney. www.cdnpapermoney.com
Virtually all German hyperinflation notes with face values around 100 million or less are near-worthless. The ones with 200M FV and higher start to have some value as those did have value when the new currency (Reichmark) came out, and were redeemed.
Not sure if it is ok to post this link but this is some interesting reading. http://www.joelscoins.com/exhibger2.htm
In this link you will find info about the german inflation and values of the banknotes issued during that time. http://www.sammler.com/coins/inflation.htm
Here is another site that discusses German Notgeld. Very interesting. http://www.geocities.com/Vienna/5373/notgeld.htm
A lot of people who are unfamiliar with Notgeld are often confused between the ones from Germany (which are denominated in Marks & Pfennigs) & the Austrian ones (which are denominated in Kronen & Heller).Liechtenstein even had 3 Notgeld notes (10, 20,& 50 Heller),which was issued in 1920 during the reign of Prince Johann II,the Good (1858-1929).
