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100 Mark Reichsbanknote

Issuer Reichsbank
Year 1922
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Printer Reichsdruckerei
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Reverse description The reverse is arranged in a symmetrical typographic layout, with the large numeral '100' repeated centrally within a guilloche field and bordered by ornamental frames. Penalty clauses and legal text concerning counterfeiting are printed in small typeface, consistent with standard Reichsbank issue practice of the period.
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Protection type Watermark
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Comments

By mid-1922, German inflation had accelerated well past the point where a 100 Mark note represented meaningful purchasing power. The Reichsdruckerei was printing at industrial scale simply to keep pace with the collapsing exchange rate — this series was followed in short order by notes of 1,000, then 10,000, then millions of Marks as hyperinflation spiraled through 1923.

The watermark was the sole security feature, which tells you something about the practical priorities of a printer overwhelmed by volume over authentication.

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