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2 Mark 50 Pfennig - coupon d'intérêt
| Issuer | Reichsschuldenverwaltung (German Imperial Debt Administration) |
|---|---|
| Year | 1924 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Black letterpress text on a green underprint within an orange border frame, with two pairs of vertical orange rules flanking the text field. A blind embossed circular dry seal of the Reichsschuldenverwaltung is applied at upper centre within a plain white roundel. The lower legend line runs vertically along both left and right margins, and an invalidation notice printed in red appears within a white cartouche at lower right. |
|---|---|
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| Protection type | Dry seal |
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| Comments |
The Reichsschuldenverwaltung issued these fractional interest coupons as part of the post-inflation debt restructuring that followed the Rentenmark stabilization of late 1923. Germany's hyperinflationary collapse had rendered the old Imperial bond structure worthless; these coupons were attached to newly redenominated debt instruments and detached periodically to claim interest payments — functioning less like banknotes than like dividend warrants on restructured sovereign obligations.
The dry seal is the only anti-counterfeiting measure, which tells you something about who was expected to handle these: institutional bondholders and bank clerks, not the general public.