1920's reichsbanknotes

Discussion in 'Paper Money' started by rexesq, Jun 9, 2006.

  1. rexesq

    rexesq Senior Member

    While looking through an old book that once belonged to my grandmother, I found three banknotes from early 1920's Germany. Both the 'eine mark' and the 'hundert mark' are dated 1920, the 'millionen mark' is dated 1923. I was wondering if these are very rare? or worth anything? I don't plan on selling them, just curious as to their value and rarity. Below are pictures, I have larger, closer ones if needed. Thank you.
     

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  3. rexesq

    rexesq Senior Member

    Here is the last one...
     

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  4. Aidan Work

    Aidan Work New Member

    Rexesq,these notes are very common.The 'Funfzig Millionen Mark' one is a 50,000,000 Mark issued when there was severe hyperinflation in 1923.

    Aidan.
     
  5. rexesq

    rexesq Senior Member

    Thank you.
    How about this one, on the back it says 'DEUTSCH BUNDESBANK 1962' and somewhere on the front it says 'Frankfurt am Main 2. Januar 1980' do you know the significance of these dates, and streets?
     

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  6. Aidan Work

    Aidan Work New Member

    That is a West German 50 Deutsche Mark note.Frankfurt am Main (also better known as Frankfurt) is where the headquarters of Deutsche Bundesbank (German Federal Bank) is located.The 1962 date on the back is the date of copyright for the design,& the 1980 date is the actual date of issue.

    Aidan.
     
  7. rexesq

    rexesq Senior Member

    I see. Thank you for the information. It is much appreciated.
     
  8. chrisild

    chrisild Coin Collector

    The man depicted on that 50 DM note can also be found in Frankfurt. ;)

    The note shows Hans Urmiller (some Bavarian treasurer, I think). The portrait was taken from a 16c painting attributed to Barthel Beham, and that painting is in the Städel Museum in Frankfurt. On the other side you see the Holstentor, an old city gate in Lübeck. The Holstentor can also be found on this year's "state twoer" http://www.bbr.bund.de/wettbewerbe/grafik/holstentor.jpg honoring the state of Schleswig-Holstein.

    That 50 DM note was part of the series inroduced in the early/mid 1960s. The series was replaced by a new one around 1990.

    Christian
     
  9. rexesq

    rexesq Senior Member

    Intersting. Are Deutschmarks still accepted as currency in Germany today? Or have they been completely replaced by the Euro dollar?
     
  10. chrisild

    chrisild Coin Collector

    There is no such thing as a "euro dollar" unless you refer to these http://en.wikipedia.org/wiki/Eurodollars. :D

    But yes, the euro replaced the DM as a currency unit in 1999, and for cash payments in 2002. Pre-euro cash is not legal tender any more. On the other hand, all DM coins and notes can always be exchanged into € cash, so from time to time you may see a store advertise "we also accept your DM cash". If you happen to have some DM left over, that may be a more convenient way of using it than if you had to take or mail it to the central bank ...

    Christian
     
  11. rexesq

    rexesq Senior Member

    Thank you, I guess I meant 'Euro'. How many US$ would 50DM convert to?
     
  12. chrisild

    chrisild Coin Collector

    The mark-euro rate has been fixed (since 1-1-99) at 1.95583, so 50 DM would be €25.56 ... Currently that would be about $32, I think.

    Christian
     
  13. rexesq

    rexesq Senior Member

    Thank you, you have been most helpful, it is much appreciated.:smile
     
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