100 Reichsmark Bond

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.