Catalog
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| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 1 000 000 000 Mark (1 000 000 000) |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Reichsbanknote Eine Milliarde Mark zahlt die Reichsbankhauptkasse in Berlin gegen diese Banknote dem Einlieferer Berlin, den 15. Dezember 1922 Reichsbankdirektorium (Translation: Reichs Banknote One Billion Marks The Reichsbank Main Branch in Berlin will pay the holder of this note 1 billion Marks. Berlin, the 15th of December 1922 Reichs Bank Directorate ) |
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| Protection type | Watermark |
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| Comments |
By late 1923, the Reichsbank was redenominating existing stock rather than waiting for fresh print runs — a practical response to inflation that was outpacing the physical capacity of every contracted printer in Germany. This note began life as a standard 1000 Mark issue and was overprinted to one billion Marks, a denomination that would itself become worthless within weeks. The Rentenmark stabilization of November 1923 came at a rate of one trillion paper Marks to one Rentenmark, which gives some measure of where this billion stood on the scale.
The overprint series is frequently misidentified in collections. P#113 is the overprint on the 1000 Mark P-82 specifically — the base note matters for attribution.