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What is the value of a 20 million mark old German paper money September 1923?
Wiki User
∙ 14y ago
Sammler.com, a major German collectibles site quotes a 20-million mark note with that date at €1, or about $1.40, in circulated condition. Uncirculated, it's about twice that.
To explain the huge denomination:
The Weimar Republic was established in Germany following WWI. It was unable to control the economy due to a number of factors including ineptitude and heavy financial penalties imposed by the Allies. The result was about 3 years of hyperinflation during which the Weimar government printed ever-larger bills in a futile effort to keep up with exponential price increases. At the worst point in late 1923 the mark fell to approximately one 400- billionth of its 1920 value! Today most hyperinflation notes are just curiosities. So many were printed and became nearly worthless within a few days that most never circulated enough to become worn, and they're available for just a couple of dollars.
Wiki User
∙ 14y ago
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