This listing is for the photographed 1923 1 Million Mark German banknote. Issued in Dusseldorf on August 3rd, 1923. Part of Germany's era of extreme hyperinflation immediately after World War I. Beautiful colors and design, inflated currency from Dusseldorf is not commonly circulated, making this a rarer note. Great condition and makes for an excellent additon to 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 5000 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 1 Million Mark German Paper Bank Note- Rheinprovinz, Dusseldorf- Great Condition- WWI era inflation note- 1923 One Million Marks Note