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2 Mark Darlehnskassenschein
| Issuer | Reichsschuldenverwaltung |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Darlehnskassenschein • Zwei Mark Berlin, den 1. März 1920 Reichsschuldenverwaltung WER DARLEHNSKASSENSCHEINE NACHMACHT ODER VERFÄLSCHT ODER NICHT UNTER ZWEI JAHREN RESP. ... VERSCHAFFT WIRD ... BESTRAFT |
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| Protection description | Wavy-line watermark pattern visible when the note is held to light. |
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| Comments |
The Darlehnskassenscheine — literally "loan office notes" — were a parallel emergency currency issued through the Reichsschuldenverwaltung rather than the Reichsbank, a bureaucratic distinction that had real consequences. Originally introduced in 1914 to prevent a run on metallic reserves at the outbreak of war, the scheme outlasted the conflict by years, feeding directly into Weimar-era inflation. The 1920 reissue of this denomination came at a moment when Germany's money supply was already spiraling; these small-denomination notes were stopgap instruments, not a monetary policy solution.
The watermark is the only meaningful security feature — thin protection against forgery, and largely irrelevant given how rapidly purchasing power was eroding.