1923 Germany 20 Million Mark Banknote - Reichsbanknote - German Inflation - 7-Digit Serial - 1923 German Twenty Million Mark Note - P#97a

This listing is for the photographed 1923 20 Million Mark German Banknote. Issued in Berlin on July 25th, 1923. Larger note, blue silk fibers as pictured. This note has a 7-digit serial number, differing it from other issues. Very Fine (VF) grade/condition, some visible signs of circulation, as pictured. Great piece of history and in excellent condition! P#97a (Pick Number 97a).

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 50 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 Germany 20 Million Mark Banknote - Reichsbanknote - German Inflation - 7-Digit Serial - 1923 German Twenty Million Mark Note - P#97a