Collection › Germany › #218
100000 Reichsmark
P-P-83
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✦ AI 88%
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Where & when
What's on the note
Front: Portrait of a merchant or burgher in Renaissance-era dress and cap, representing the German middle class and commercial tradition. The figure embodies the economic history of Germany during a period of catastrophic hyperinflation in 1923, when the Reichsmark lost virtually all value and such enormous denominations became necessary for daily transactions. The Weimar Republic issued notes in astronomical denominations as inflation spiraled out of control, with 100,000 Mark notes becoming commonplace before the currency reform.
Back: Ornate geometric guilloche pattern with the denomination 100000 Mark repeated in ornamental frames. The reverse design uses intricate line work and rosette patterns as anti-counterfeiting measures, though the rapid printing requirements during hyperinflation meant security features were often simplified. The text 'Reichsbanknote' appears in decorative script within the pattern work.
How it was made
Signatures: Reichsbankdirektorium
Security features: intaglio,microprint
Germany in Europe
Germany in Europe. Other countries on the same continent shown in muted grey.
Background & history
This 100,000 Mark note was issued during the catastrophic German hyperinflation of 1923, one of the most extreme episodes of currency devaluation in modern history. By late 1923, the Reichsmark had become essentially worthless, with prices doubling every few days. The Reichsbank printed notes in ever-larger denominations—millions, billions, and eventually trillions of Marks—to keep pace with inflation caused by war reparations, economic disruption, and the Ruhr occupation. This series was replaced by the Rentenmark in November 1923 at a rate of 1 Rentenmark = 1 trillion Papiermark, stabilizing the German economy. These hyperinflation notes remain common today as historical artifacts of economic catastrophe.
Collector references
How it came to me
Note shows handling wear, some soiling and staining on the back, edges show minor fraying, but overall intact with clear design elements and serial numbers visible.
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-08 17:20:21 | 5.0 | 15.0 | USD | ai | from claude-sonnet-4-5 |
History & extractions
AI extractions (3)
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