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100 Reichsmark Reichsbanknote

Issuer Reichsbank
Year 1935
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Size 180 x 90 mm
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Obverse description Portrait of the chemist Justus von Liebig positioned at right, with the serial number printed in red at upper left. A swastika guilloche underprint occupies the centre of the note, integrated into the fine-line intaglio background pattern typical of Reichsbank issues of this period.
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Protection type Watermark
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Comments

The Reichsbank's 1935 100 Reichsmark series was issued under the fiscal machinery of the Nazi rearmament economy — a period when the Reichsbank was financing military expansion through Mefo bills and other instruments deliberately kept off the official balance sheet. Hjalmar Schacht, then both Reichsbank President and Economics Minister, signed the authorizing instruments for this series before his eventual break with Hitler over deficit financing in 1939.

The Reichsdruckerei had been Berlin's central state printing house since 1879, and by the mid-1930s was producing notes under increasingly centralized political oversight. Watermark security on this series is relatively straightforward by contemporary standards — no metallic strip, no UV features.

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