Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
500 Rentenmark Rentenbank
| Issuer | Deutsche Rentenbank |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Rentenbankschein Fünfhundert 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 Zinsenlauf vom nächsten Fälligkeitstermin ab gewährt. Berlin, den 1. November 1923 Deutsche Rentenbank Der Verwaltungsrat (Translation: Rentenbank Note Five Hundred 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) |
| Reverse description | Log in to see details |
| Reverse lettering | Rentenbankschein Fünfhundert Rentenmark Wer Rentenbankscheine nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. (Translation: Rentenbank Note Five Hundred Rentenmark Anyone who imitates or forges Rentenbank notes, or procures and puts into circulation imitations or forgeries, will be imprisoned for not less than two years.) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The Rentenmark system was an audacious fix to one of history's worst hyperinflations — the new currency backed not by gold but by a mortgage on all German agricultural and industrial land, a legal fiction that nonetheless worked purely because the public believed it would. The Rentenbank began issuing notes in November 1923, exactly when the old Reichsmark had become worthless by the wheelbarrow-load. This 500 Rentenmark denomination sat at the upper end of the inaugural series.
Printed by the Reichsdruckerei in Berlin, these were absorbed into normal banking channels quickly as stabilization took hold. The Rentenmark itself was eventually superseded by the Reichsmark in 1924, though Rentenbank notes remained legal tender well into the 1930s.