1923 Germany 500 Millionen Mark Banknote - Reichsbanknote - Thistle Leaves Watermark - 1923 Five Hundred Million Mark German Note - P#110a

This listing is for the photographed 1923 500,000,000 Mark German Banknote. This note was issued in Berlin on September 1st, 1923. The watermark displayed on the right end of the obverse side of this note depicts thistle leaves, differentiating it from other similar issues. Very Fine (VF) grade/condition, some visible signs of circulation and writing on the reverse side of the note, as pictured. Excellent piece of history and rarer note in good condition, making for a great addition to any collection! P#110a (Pick Number 110a).

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 500,000 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 500 Millionen Mark Banknote - Reichsbanknote - Thistle Leaves Watermark - 1923 Five Hundred Million Mark German Note - P#110a