1923 Coburg Germany 50 Millionen Marks Notgeld - Rarer High Denomination Emergency Inflation Note - 1923 German Fifty Million Mark Note

This listing is for the photographed 1923 Coburg State 50 Millionen Mark German Emergency Notgeld. Issued by the State of Coburg in Germany in the years following World War I, dated September 26th, 1923. This note is a rarer issue because of its higher denomination, as most notgeld from this period were fractional, small denominations. The obverse of this note shows a view of a castle on a hill at the lower center. Choice Very Fine (VF+) grade/condition, some minor visible folds and other signs of circulation. Excellent condition and an interesting piece of history!

Notgeld was a form of emergency currency that was issued by individual German municipalities or institutions immediately after the First World War when Germany was experiencing a severe economic depression. Most notgeld contained an expiry date, after which the note was deemed invalid. The issued notes of individual municipalities and institutions pulled power from the national Reichsbank and helped to counter currency shortages from the war. Printed using recycled materials, these notes became a popular collector's item because of their attractive colors and designs, leading to the overprinting of notes and eventually hyperinflation.

Thanks for stopping by!

1923 Coburg Germany 50 Millionen Marks Notgeld - Rarer High Denomination Emergency Inflation Note - 1923 German Fifty Million Mark Note