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German currency reform 1923
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<p>[QUOTE="doug444, post: 1959904, member: 38849"]Per our discussions of billions and trillions of marks last week, here is a typical hyperinflation stamp, 50 milliarden Marks (50 followed by 9 zeroes). The German government even sold advertising space in the margin of sheets of stamps; this one promotes a stamp dealer, and conveniently, provides his address. The faint curved lines are the watermark on the stamp paper.</p><p><br /></p><p>In mint condition, these high-value stamps are of nominal value, in this case about 50 cents each, but properly postally used on a contemporary envelope, more like $25-50 and up. This was the highest denomination issued. Milliardens of this type appeared about two months before the Rentenmark was introduced.</p><p><br /></p><p>After the Rentenmark, stamps like these were sold for scrap paper.</p><p><br /></p><p>[ATTACH=full]345524[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1959904, member: 38849"]Per our discussions of billions and trillions of marks last week, here is a typical hyperinflation stamp, 50 milliarden Marks (50 followed by 9 zeroes). The German government even sold advertising space in the margin of sheets of stamps; this one promotes a stamp dealer, and conveniently, provides his address. The faint curved lines are the watermark on the stamp paper. In mint condition, these high-value stamps are of nominal value, in this case about 50 cents each, but properly postally used on a contemporary envelope, more like $25-50 and up. This was the highest denomination issued. Milliardens of this type appeared about two months before the Rentenmark was introduced. After the Rentenmark, stamps like these were sold for scrap paper. [ATTACH=full]345524[/ATTACH][/QUOTE]
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