100 Reichsmark Reichsbanknote

The 1924 Reichsmark series marked Germany's return to a stable currency after the catastrophic hyperinflation of 1921–1923, when the Papiermark had collapsed to 4.2 trillion to the dollar. The Rentenmark stabilization of late 1923 preceded this issue, and the Reichsbank's new Reichsmark notes were backed under the Dawes Plan framework — a point of considerable political sensitivity at the time.

Pick 178 is among the earlier post-stabilization notes printed by the Reichsdruckerei in Berlin, and surviving examples in high grade are less common than their successors in the series, since many passed through heavy commercial use during the relative prosperity of the mid-1920s Weimar period before the Depression disrupted circulation entirely.