Key Date New England Rare Coin Hoard 29pt2 D3
By Key Date Coins
Jul 1, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 4059:

1923 Weiamr germany 10 Millionen Mark Note P# 106D Grades vf++. In the early 1920s, post-WWI Germany saw its ...

catalog
  Previous item
Next item 

Start price:
$ 5
Estimated price :
$25 - $100
Buyer's Premium: 18%
Auction took place on Jul 1, 2023 at Key Date Coins
tags:

1923 Weiamr germany 10 Millionen Mark Note P# 106D Grades vf++. In the early 1920s, post-WWI Germany saw its economy spiraling out of control. Hyperinflation started directly after the war in 1918, but truly took over the Weimar Republic from 1921 to 1923. The value of the Mark declined incredibly rapidly. 1 USD was equal to 50 German Marks at the beginning of 1920. Toward the end of 1923, 1 USD was equal to over 4,200,000,000,000 German Marks. At times, denominations of the Mark became less valuable than the paper and labor to print it almost immediately after printing. Thus, denominations of the Mark notes became incredibly large, ending up in the tens of trillions.

catalog
  Previous item
Next item