Description: Municipality of Pfullendorf 1 Billion (1000 Million) Marks 27 Nov 1923Rubber stamp Condition: My opinion is that this would grade at About Uncirculated but look at the photos and make your own judgement. Germany borrowed heavily to wage the war during WWI. After the war, it faced huge loan and reparation payments which far exceeded Germany's gross domestic product. When Germany could no longer make reparation payments in 1923, French and Belgium troops moved in to occupy the Ruhr, Germany's main industrial area. Without this major source of income, the government took to printing money which resulted in hyperinflation. The highest denomination before 1923 was 50,000 Mark. By early 1924, it reached 100 Billion Mark. Printing presses were constrained by costs as well. They did two things to cope - overprint existing currency or print bills on one side only. The latter often with poor graphics. Especially as denominations rapidly reached million and billion levels. Don't like the price? Make me an offer.
Price: 39 GBP
Location: Torquay
End Time: 2024-12-06T17:48:47.000Z
Shipping Cost: 12.54 GBP
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Item Specifics
Return postage will be paid by: Buyer
Returns Accepted: Returns Accepted
After receiving the item, your buyer should cancel the purchase within: 14 days
Denomination: 1 Billion Marks
Type: Notes
Year of Issue: 1923
Era: Pre-1952
Number of Notes: 1
Region: Europe
Country: Germany
Country/Region of Manufacture: Germany
