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1000 Rentenmark Rentenbank
| Issuer | Deutsche Rentenbank |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
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| Obverse description | The face is dominated by the large Gothic-script denomination "Eintausend Rentenmark" in bold letterpress across the centre, with the numeral "1000" repeated in the corners and along the vertical right margin. Fine guilloche underprint fills the background throughout, with the serial number printed in red at upper right and lower left. Multiple manuscript signatures of the Verwaltungsrat (Board of Directors) appear below the central text block, above the red serial number at lower left. |
|---|---|
| Obverse lettering | Rentenbankschein Eintausend Rentenmark Ausgegeben auf Grund der Verordnung vom 15. Oktober 1923 (R.-G.-Bl. I S. 963) Die Deutsche Rentenbank ist verpflichtet, die von ihr ausgegebenen Rentenbankscheine jederzeit auf Verlangen gegen ihre auf Goldmark lautenden mit 5 v. H. verzinslichen Rentenbriefe einzulösen. Auf 500 Rentenmark wird ein Rentenbrief über 500 Goldmark mit Zinslauf vom nächsten Fälligkeitstermin ab gewährt. Berlin, den 1. November 1923 Deutsche Rentenbank Der Verwaltungsrat (Translation: Rentenbank Note One Thousand Rentenmark Issued according to the order of the 15th of October 1923 The German Rentenbank is obliged to exchange the Rentenbank notes it has issued, at any time upon request, for its Goldmark denominated 5% interest-bearing annuity letters. For every 500 Rentenmark, a bond is granted for 500 Goldmark with interest accruing from the next due date. Berlin, 1st November 1923 German Rentenbank Board of Directors) |
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The Deutsche Rentenbank was created by decree on 15 October 1923, with notes entering circulation on 15 November — the same day the Reichsbank froze issuance of its own paper and Germany's hyperinflation was, for practical purposes, declared over. The Rentenmark was backed not by gold but by a mortgage on all German agricultural and industrial land, a legal fiction that nonetheless worked because the public simply chose to believe it would.
The 1000 Rentenmark denomination is the largest of the series. By the exchange rate set at introduction, it equalled exactly one gold mark — or one trillion of the old paper marks it replaced.