Bank.notes

Collection Germany #218

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100000 Reichsmark

Germany 1923 1900_1945 VF P-P-83 Needs review ✦ AI 88%
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Front · IMG_6485.jpeg cropped
Back · IMG_6486.jpeg cropped
Pair check: ! check failed checked 2026-05-09T09:55:46.907289
Identity

Where & when

Country Germany
Currency Reichsmark
Denomination 100000
Series name Third Hyperinflation Issue
Series year 1923
Issue year 1923
Era 1900_1945
Legal status demonetized
Predecessor currency Papiermark
Successor currency Rentenmark
Subjects & design

What's on the note

Front portrait Merchant or burgher figure
Reverse subject Ornate geometric guilloche pattern
Watermark Geometric pattern
Color palette #6b5d52,#4a4035,#8b7d6b
Themes statesman,commemorative
Language / script Fraktur

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.

Production

How it was made

Issuer Reichsbanknote
Issuer (native) Reichsbanknote
Printer Reichsdruckerei
Engraver
Material paper
Dimensions (mm) 150x105

Signatures: Reichsbankdirektorium

Security features: intaglio,microprint

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 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.

Catalogue

Collector references

Pick # P-83
Krause ID
Rarity tier common
Series range 1923–1924
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number G.1123001
Serial prefix G
Serial suffix 3

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.

Valuation

What it's worth now

$5–$15
Type default range $5–$15
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-08 17:20:21 5.0 15.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (3)
research:anthropic · claude-sonnet-4-5 2026-05-09 09:38:20
status: error · step 10
research:openai · gpt-4o 2026-05-09 00:21:19
status: ok · step 10 · $0.0245 · 5720↓ + 1020↑ tokens
anthropic · claude-sonnet-4-5 2026-05-08 17:20:21
status: ok · step 1 · $0.0367 · 6313↓ + 1182↑ tokens
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