Is a 1922 50000 mark German Banknote valuable?
A 50.000 Mark German banknote issued in 1922 is not particularly valuable as a collectible, and it has no face value as an obsolete form of currency. The period in 1922 saw the rise of inflation and hyperinflation in Germany as it struggled to pay reparations for its role in WWI.
What was the value of German currency in 1922?
The period in 1922 saw the rise of inflation and hyperinflation in Germany as it struggled to pay reparations for its role in WWI. After the assassination of the Foreign Minister in June of 1922, German currency began to decline. By the end of the year, a single American dollar was worth 2000 Marks.
Which is the highest denomination of German banknotes?
The banknote with the highest denomination was 100,000,000,000,000 mark (100,000 billion marks = Einhundert Billionen Mark) and had the worth of 100 Rentenmark. The values depend on the condition of the banknotes.
Why was there no money in Germany in 1919?
List of the most important german banknotes from the inflation period with their values. The treaty of Versailles damned Germany 1919 to pay a lot of reparations to the nations that won the war. Germany had a very weak economy at this time. The young republic of Weimar had no money.
What was the value of the Reichsmark in 1924?
Incidentally the Reichsmark which was issued between 1924 and 1947 was worth about the same amount, however this currency was introduced after Germany’s rampant inflation of the early 1920s at a rate of 1.000.000.000.000.000 Marks (yes, 1 trillion – which is expressed as 1 Billion in german) to 1 Reichsmark.
How much was the Reichsbank note worth before WWII?
Prior to WWII, the German mark (fixed to gold) was worth a little less than 24 US cents. That would explain the inscription on the note belonging to the first person who posted a message here. The mark has since been revalued twice, and there’s not a snowflakes chance in hell of the earlier issues ever being worth any more than souvenir value.