1923 20,000 Mark German Paper Note - Reichsbanknote - XF/AU Grade / Condition - WWI era note - Twenty Thousand Mark Note

This listing is for one 1923 20,000 Mark banknote, as pictured. Dated February 20th, 1923. Smaller sized serial number digits type. Stars with G and D letters inside watermark type. Great Condition (XF/AU). P#85b (Pick Number 85b). Great addition 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.

Thanks for stopping by!

1923 20,000 Mark German Banknote - Reichsbanknote - XF/AU Grade - Star Watermark - 1923 Germany Twenty Thousand Mark Note - P#85b