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<p>[QUOTE="Bert Gedin, post: 3106832, member: 92556"]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).[/QUOTE]</p><p><br /></p>
[QUOTE="Bert Gedin, post: 3106832, member: 92556"]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).[/QUOTE]
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