Confederate and German Bills

You are correct. I went from memory which apparently is not as good as it used to be. The red numbers are pre-war and were redeemable for gold. The green numbers are post-war and were not redeemable for gold.

 

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I liked the historical approach in this thread. Well what about Renten Marks? if I may ask. Thanks..

 

Rentenmarks were backed by the land.

 

And replaced the Mark in the 1923 currency reform. The Reichsmark soon followed. Both continued to be used until the 1948 Currency Reform although the use of the rentenmark declined but they were still legal tender.

 

In coins, they are considered relatively scarce and somewhat pricey. Does this apply to paper money. I guess I have one of these bills.

 

Hi man2004. Not knowing very much about German banknotes, I looked it up online. This note was issued in Berlin. The Mark, also known as "Goldmark" was national currency of the German Empire from 1871 until 1914. To pay for the war, and to protect it's gold reserves, Germany abandoned the gold standard - Reichsbanknotes were no longer exchangeable for gold. Printing large quantities of money led to inflation, which got worse following Germany's military defeat in 1918. The value of the Mark was wiped away. - Before WWI, the value of 1000 Mark was worth £50 pounds (note - pounds, not dollars).

 

The early and higher denomination rentenmark notes are better notes. The one and two rentenmark notes of 1937 are common.

 

I'm still trying to work out if the £ pound was worth $4 US or 5$ US back then????

If the shilling was smaller than a quarter $0.25 US then 20 s.= $4 US melt
And the Mark 4 to a $1 US, then 1000M= $250. And, 50£=$250 US.
And, 5Francs = $1... Hey, it aws all Hard Money, not fiat.
Same for Copper. Size(weight) was everything.
So one is as good as the other once size is accounted for.

 

The average was $4.58 = £1 in 1923.

 

You can get a nice unc example of the German 1000 mark for like $7.

 

Here's three examples of the German note for very nice prices
https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=german+1000+marks&_sacat=11116

 

Yes Sir, those were the good old days. Even in the '80s everything was 'on approval' Snail Mail and Postal Money Orders... And Hugh Shull's Catalogue among others.