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200 000 Mark Reichsbanknote

Issuer Reichsbank
Year 1923
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Shape Rectangular
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Obverse description Typographically stark design dominated by the large bold denomination numeral '200000' and the word 'Mark' set across the upper portion, with the title 'Reichsbanknote' in letterpress at the top. A central guilloche underprint of interlocking rosette medallions fills the background behind the payment text, flanked on either side by the Reichsbankdirektorium circular eagle seal. The anti-counterfeiting warning text runs vertically in small print along both lateral margins, and multiple facsimile signatures of the Reichsbank board appear at the foot of the note.
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Reverse description Reverse is unprinted, presenting a plain cream-white paper surface with no design, text, or ornamentation whatsoever.
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This note belongs to the first wave of six-figure denominations the Reichsbank was forced to introduce in 1923 as hyperinflation accelerated beyond any earlier projection. The 200,000 Mark was authorized in February of that year; within months it would be rendered functionally worthless by notes denominated in the billions. What was a staggering sum in early 1923 could not buy a loaf of bread by autumn.

Printed at the Reichsdruckerei in Berlin, the series was produced under extraordinary pressure — presses ran continuously, and ink and paper supply became genuine logistical bottlenecks as the currency collapsed faster than notes could be issued.

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