This listing is for the photographed 1923 2 million Mark Gelsenkirchen Emergency Note. Issued in the city of Gelsenkirchen, Germany, on August 22nd, 1923. This note is a 'notgeld', or an emergency currency issued note in response to the hyperinfaltion in Germany after World War 1. Extremely interesting piece of German and WWI history, in great condition! Must have for any collection!
The Papiermark was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermarks was the currency issued during the hyperinflation in Germany of 1922 and 1923.
This note is an example of the hyperinflation causing the banknotes to list higher values, such as this one, at 2 million Marks.
Banknotes were issued by the Imperial Treasury (known as "Reichskassenschein") and the Reichsbank, as well as by the banks of some of the states. Imperial Treasury notes were issued in denominations of 5, 10, 20 and 50 Mark, whilst Reichsbank notes were produced in denominations of 20, 50, 100 and 1000 Mark.
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1923 2 Million Mark Gelsenkirchen German Notgeld Note - Gelsenkirchen Inflation Issue - WWI era note - 1923 Two Million Marks Emergency Note