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100 Reichsmark Bond

Issuer Deutsches Reich
Year 1936
Type Vouchers
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Obverse description Bond printed on green guilloche-patterned paper. The denomination and percentage yield are stated in both numeral and word form in large letterpress text near the top, with HUNDERT REICHSMARK as the principal inscription. A cancellation stamp appears in the lower left corner, and a hole punch through the document confirms official cancellation.
Obverse lettering HUNDERT REICHSMARK
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Comments

This is not a circulating banknote but a bearer bond — part of the Mefo-Schuldwechsel-adjacent financing architecture that the Nazi government used to rearm Germany while keeping military expenditure off the official budget. The 1936 date places it within the Four-Year Plan period, when Hjalmar Schacht's creative accounting was already straining under the pace of rearmament spending.

The A4 sheet format is characteristic of long-form debt instruments rather than currency. Coupon strips are frequently detached on surviving examples, indicating the bonds were actively serviced before the collapse of Reich finances.

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