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40 Mark Bond
| Issuer | Reichsschuldenverwaltung (German Reich Debt Administration) |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 40 Mark |
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| Composition | Log in to see details |
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| Obverse description | Olive-green coupon with ornate guilloche underprint at left and right margins, flanking a central medallion bearing the Reichsadler (Imperial Eagle) within a circular legend. The denomination '40 M.' appears in bold letterpress at upper right, with the half-yearly interest payment date '1. November 1928' printed in a prominent display typeface. Multiple handwritten signatures appear at foot, with a boxed date stamp '1.11.28' at lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
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| Protection type | Log in to see details |
| Protection description | Dry embossed circular seal bearing the Reichsadler (Imperial Eagle) with the legend 'Reichsschuldenverwaltung', applied to the reverse of the coupon. |
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| Comments |
The Reichsschuldenverwaltung was the administrative body responsible for managing Germany's sovereign debt obligations, and by 1922 it was operating under conditions of accelerating fiscal collapse. These bond instruments were issued during the hyperinflationary spiral that would peak in 1923 — a 40 Mark denomination that, within months of issue, would have been worth a fraction of a postage stamp.
The embossed seal was the primary authentication device, consistent with domestic German fiscal paper of the period rather than the intaglio security printing used for Reichsbank currency notes.