Trade: 11,000,000 German Marks for $.50 US 90% (OBO)
Weiss
Posts: 9,942 ✭✭✭✭✭
An especially crucial and topical subject given the state of the economy, the government, Ben Bernacke's helicopter, etc.
After WWI, Germany was supposed to make reparations to the nations it had injured. Just before this "London Ultimatum" German marks traded for about 7 marks per dollar. By the time of the first payment on this debt, early 1921, the rate had risen to about 60 marks per dollar. By November of 1921, the rate had zoomed to 330 marks per dollar.
Shortly thereafter, through a series of intentional and unintentional events, the inflation rate skyrocketed and Germany went through one of the most intense periods of hyperinflation the world has ever seen. Within months the rate had doubled to around 800 marks per dollar, then over 1,000, then 1,000,000. By the end of 1923, the rate had blown past a billion and gone to well over a trillion marks per dollar.
This set includes two notes—one 1,000,000 mark note from September 1923 and one 10,000,000 mark note from October 1923. Compare these notes to my other current hyperinflation note trade offer:
Gone are the intricate allegorical etchings, the rainbow colors, the oversized notes conveying confidence and importance. These smaller size notes, printed on just one side, sum up the march over the edge of hyperinflation and desperation.
These are awesome pieces of history fast approaching 100 years old, and a warning about what could happen here or anywhere. They make a beautiful display, they're a nice background for coin photography, and they're much more interesting for kids to play with than store-bought "play money".
Looking for $.50 us 90%. A mix of quarters, dimes, a half is fine. What do you have? Combine these with the other concurrent sale for an incredible months-long historical and graphic perspective of hyperinflation.
(dime shown for size only).
After WWI, Germany was supposed to make reparations to the nations it had injured. Just before this "London Ultimatum" German marks traded for about 7 marks per dollar. By the time of the first payment on this debt, early 1921, the rate had risen to about 60 marks per dollar. By November of 1921, the rate had zoomed to 330 marks per dollar.
Shortly thereafter, through a series of intentional and unintentional events, the inflation rate skyrocketed and Germany went through one of the most intense periods of hyperinflation the world has ever seen. Within months the rate had doubled to around 800 marks per dollar, then over 1,000, then 1,000,000. By the end of 1923, the rate had blown past a billion and gone to well over a trillion marks per dollar.
This set includes two notes—one 1,000,000 mark note from September 1923 and one 10,000,000 mark note from October 1923. Compare these notes to my other current hyperinflation note trade offer:
Gone are the intricate allegorical etchings, the rainbow colors, the oversized notes conveying confidence and importance. These smaller size notes, printed on just one side, sum up the march over the edge of hyperinflation and desperation.
These are awesome pieces of history fast approaching 100 years old, and a warning about what could happen here or anywhere. They make a beautiful display, they're a nice background for coin photography, and they're much more interesting for kids to play with than store-bought "play money".
Looking for $.50 us 90%. A mix of quarters, dimes, a half is fine. What do you have? Combine these with the other concurrent sale for an incredible months-long historical and graphic perspective of hyperinflation.
(dime shown for size only).
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
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