Collection › Germany › #230
200000 Mark Papiermark
P-P-100
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Where & when
What's on the note
Front: Reichsbanknote issued during the German hyperinflation of 1923. The note bears the Reichsadler (Imperial Eagle) seal of the Reichsbankdirektorium on both sides of the denomination. Dated Berlin, 9 August 1923. The text states that the Reichsbank in Berlin pays this note to the bearer and that from 1 September 1923 onward these notes can be called in and exchanged for other legal tender. This 200,000 Mark note represents the catastrophic currency collapse of the Weimar Republic, when prices doubled every few days and banknotes were printed with ever-higher denominations.
Back: Plain reverse with faint mirror-image impression of the denomination '200000' visible as show-through from the front printing. The minimalist back design was characteristic of emergency inflation notes, which prioritized rapid production over elaborate security features as the currency spiraled into worthlessness.
How it was made
Security features: microprint,intaglio
Germany in Europe
Germany in Europe. Other countries on the same continent shown in muted grey.
Background & history
Part of the German hyperinflation series of 1919–1923, the most severe monetary crisis in modern Western history. By August 1923, when this note was issued, the Papiermark had lost virtually all value against gold and foreign currencies. The denomination of 200,000 Mark, which would have been unthinkable even months earlier, became insufficient within weeks. The crisis ended in November 1923 with the introduction of the Rentenmark at a rate of 1 Rentenmark = 1 trillion Papiermark. These notes are now common collectibles, serving as historical artifacts of economic catastrophe.
Collector references
How it came to me
Note shows handling with some soiling and edge wear consistent with circulation during the inflation period. Paper remains intact with good structural integrity.
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-08 17:22:54 | 2.0 | 8.0 | USD | ai | from claude-sonnet-4-5 |
History & extractions
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