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German 100,000 mark note

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MikeG
Valued Member
United Kingdom
128 Posts
 Posted 01/26/2012  05:49 am Show Profile Bookmark this topic Add MikeG to your friends list Get a Link to this Message

Hi folks; found this amongst some of my late fathers papers and wondered if it was worth anything?





Valued Member
Sweden
68 Posts
 Posted 01/26/2012  06:57 am  Show Profile Bookmark this reply Add almingbg to your friends list Get a Link to this Reply
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
Valued Member
United Kingdom
128 Posts
 Posted 01/26/2012  08:44 am  Show Profile Bookmark this reply Add MikeG to your friends list Get a Link to this Reply
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.
Pillar Of The Community
United States
1323 Posts
 Posted 01/26/2012  10:04 am  Show Profile Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply

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)
Valued Member
United Kingdom
128 Posts
 Posted 01/26/2012  10:19 am  Show Profile Bookmark this reply Add MikeG to your friends list Get a Link to this Reply
Had no idea that they were worth so little in those days Jeff.
Pillar Of The Community
Coin Community SupporterSupporter!
United Kingdom
2777 Posts
 Posted 01/26/2012  12:12 pm  Show Profile Check bobbyhelmet's eBay Listings Bookmark this reply Add bobbyhelmet to your friends list Get a Link to this Reply

Quote:
1 glass of beer: 4 billion


I have pubs like that near me!
Valued Member
Sweden
68 Posts
 Posted 01/27/2012  05:20 am  Show Profile Bookmark this reply Add almingbg to your friends list Get a Link to this Reply
I remember paying 100,000 dinars for a beer, in Yugoslavia 1989.
Rest in Peace
United States
9104 Posts
 Posted 01/28/2012  07:03 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
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.
Valued Member
Canada
285 Posts
 Posted 02/11/2012  7:56 pm  Show Profile Bookmark this reply Add Baanos to your friends list Get a Link to this Reply
http://www.thecurrencycollector.com...nflation.pdf

Very 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.
Rest in Peace
United States
9104 Posts
 Posted 02/17/2012  01:28 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, Baanos!

Much of the article matches what I have read in various studies of economics.
Rest in Peace
United States
9104 Posts
 Posted 02/17/2012  02:51 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

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.
Valued Member
United States
293 Posts
 Posted 02/20/2012  9:18 pm  Show Profile Bookmark this reply Add lettow to your friends list Get a Link to this Reply
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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