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100 000 000 000 000 Mark Reichsbanknote

Issuer Reichsbank
Year 1923
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Currency Mark (1873-1923)
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Obverse lettering REICHSBANKNOTE
EINHUNDERT BILLIONEN MARK
ZAHLT DIE REICHSBANKHAUPTKASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER.
VOM 1. FEBRUAR 1924 AB KANN DIESE BANKNOTE AUFGERUFEN UND UNTER UMTAUSCH GEGEN ANDERE GESETZLICHE ZAHLUNGSMITTEL EINGEZOGEN WERDEN.
BERLIN, DEN 26. OKTOBER 1923
REICHSBANKDIREKTORIUM
GEMACHTE ODER VERFÄLSCHTE SICH VERSCHAFFT UND IN VERKEHR BRINGT
(Translation: Reichsbank Note / One Hundred Billion Mark will be paid by the Reichsbank head office in Berlin to the bearer of this note. / From 1st February 1924 onwards, this banknote may be called in and withdrawn from circulation in exchange for other legal means of payment. / Berlin, 26th October 1923 / Reichsbank Directorate / Anyone who produces or circulates counterfeits will be prosecuted.)
Reverse description The reverse is essentially plain, printed on uncoated paper with no principal design. A faint ghost impression of the obverse lettering is visible through the paper, along with a light watermark pattern across the surface.
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By October 1923, German hyperinflation had advanced so far that this 100-trillion-Mark note — one of the highest face-value denominations ever issued by the Reichsbank — was worth roughly four U.S. dollars on the day of printing and considerably less by the time it crossed a shop counter. The Reichsbank was authorizing new denominations almost weekly, and the printing infrastructure could not keep pace; some notes in this period were overprinted on existing stock or issued with single-sided printing to save time.

The Rentenmark stabilization of November 15, 1923 rendered the entire Papiermark series worthless overnight. One Rentenmark exchanged at one trillion Papiermark — making this note worth one ten-thousandth of a single new unit.

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