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MikeG
Valued Member
United Kingdom
128 Posts
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Hi folks; found this amongst some of my late fathers papers and wondered if it was worth anything?
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Valued Member
Sweden
68 Posts |
According to SCWPM 2, 12th edition 2008, this is Pick-83 100,000 mark 1.2.1923
value is around 5$ for vg, your note looks worse than vg
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Valued Member
United Kingdom
128 Posts |
Thanks for the information almingbg; I had no idea of the date and didn't expect it to be worth much.
It's a pity it can't be cashed in for it's face value, LOL.
Mike.
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Pillar Of The Community
United States
1158 Posts |
Quote:
On 1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat: 36 billion, 1 glass of beer: 4 billion. Mike . . face value in 1923 means you would need a large stack of these to buy a beer. The quote is from a wikipedia article on hyperinflation in 1923 Germany.
OPEN 24 HRS (but not in a row)
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Valued Member
United Kingdom
128 Posts |
Had no idea that they were worth so little in those days Jeff.
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Pillar Of The Community
United Kingdom
2528 Posts |
Quote:
1 glass of beer: 4 billion I have pubs like that near me!
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Valued Member
Sweden
68 Posts |
I remember paying 100,000 dinars for a beer, in Yugoslavia 1989.
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Rest in Peace
United States
9104 Posts |
Within a year, the mark went from 4.3 to the dollar to 4.3 trillion to the dollar.
Hitler was voted into power by promising to stop runaway inflation. His solution? This is what the mark is worth, ask more marks than that, and you get shot. Rather effective.
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Valued Member
Canada
269 Posts |
http://www.thecurrencycollector.com...nflation.pdfVery interesting and fun read on the subject. Can't say how reliable this is, but the did guy cite the works he based it on at the end of the article, as you can see.
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Rest in Peace
United States
9104 Posts |
 , Baanos! Much of the article matches what I have read in various studies of economics.
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Rest in Peace
United States
9104 Posts |
Quote:
On 1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat: 36 billion, 1 glass of beer: 4 billion.
MikeG
Had no idea that they were worth so little in those days Jeff. It's worse than it sounds, the German word billion is what US call trillion.
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Valued Member
United States
198 Posts |
Hitler had nothing to do with ending the hyperinflation of 1923. He would not come to power until 1933 some 10 years after the end of the hyperinflation. Hjalmar Schacht's austerity measures at the Reichsbank also pre-date Hitler having been begun in 1932.
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Posted 01/26/2012 05:49 am
