Bank.notes

Collection Germany #208

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100000 Mark Papiermark

Germany 1923 1900_1945 VF P-P-83 AI extracted ✦ AI 95%
Front · IMG_6465.jpeg cropped
Back · IMG_6466.jpeg cropped
Pair check: ! check failed checked 2026-05-09T09:55:38.006330
Identity

Where & when

Country Germany
Currency Papiermark
Denomination 100000 Mark
Series name Reichsbanknote hyperinflation series
Series year 1923
Issue year 1923
Era 1900_1945
Legal status demonetized
Predecessor currency Mark
Successor currency Rentenmark
Subjects & design

What's on the note

Front portrait
Reverse subject
Watermark Geometric pattern visible in center field
Color palette #9d9d7a,#3a3a2f,#d4d4b8
Themes commemorative
Language / script Latin (Fraktur)

Front: German Weimar Republic hyperinflation note issued during the catastrophic monetary collapse of 1923. The Reichsbanknote bears the date 'Berlin, den 25. Juli 1923' (July 25, 1923) and features the Reichsadler (Imperial Eagle) in seals at left and right. The text states that the Reichsbank head office in Berlin will redeem this note to the bearer from September 1, 1923, and it can be called in and exchanged for other legal tender. This note represents the peak of the hyperinflation crisis that destroyed the German Mark, when denominations reached into the billions and trillions before the currency reform of November 1923 introduced the Rentenmark.

Back: Plain reverse with no printed design, showing only the greenish-gray paper stock. This blank-back design was typical of many German hyperinflation notes issued during 1923, when the Reichsbank was printing currency at such volume that elaborate designs were abandoned to save time and resources.

Production

How it was made

Issuer Reichsbankdirektorium
Issuer (native) Reichsbankdirektorium
Printer Reichsdruckerei
Engraver
Material paper
Dimensions (mm) 180x105

Signatures: Multiple members of the Reichsbankdirektorium (eight signatures visible)

Security features: microprint,intaglio

Geography

Germany in Europe

Germany in Europe. Other countries on the same continent shown in muted grey.

The story

Background & history

This 100,000 Mark note is part of the Reichsbanknote series issued during Germany's devastating hyperinflation of 1923, when the Papiermark collapsed due to war reparations, the French occupation of the Ruhr, and excessive money printing. Between January and November 1923, prices increased by billions of times. The Reichsbank issued notes in ever-higher denominations, reaching 100 trillion Mark by November. This July 25, 1923 issue represents a mid-stage of the crisis. The hyperinflation ended in November 1923 with the introduction of the Rentenmark at a rate of 1 Rentenmark = 1 trillion Papiermark, followed by the Reichsmark in 1924. These notes are common survivors due to their massive printing volumes.

Catalogue

Collector references

Pick # P-83
Krause ID
Rarity tier common
Series range 1923–1923
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number AJ39
Serial prefix AJ

Note shows moderate circulation with handling wear, minor soiling, and general age-related discoloration typical of century-old hyperinflation currency. No major tears or damage visible.

Valuation

What it's worth now

$5–$15
Type default range $5–$15
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-08 17:18:24 5.0 15.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (1)
anthropic · claude-sonnet-4-5 2026-05-08 17:18:24
status: ok · step 1 · $0.0379 · 6341↓ + 1261↑ tokens
Edits & decisions (1)
confirm_ok 2026-05-10 08:36:17
confirmed_ok: False → True
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