How much is a one million Reichsbank note worth?

Answer 1

We believe you mean one million reichsmark, issued by the Deutsche Reichsbank. They're virtually worthless, if issued between 1900 and 1950. Depending upon, of course, condition, cleanliness, rarity and your zodiac sign. Sammler.com, a major German collectibles site quotes most 1-million mark notes at €1, or about $1.40, in circulated condition. Uncirculated values depend on the bill's date. For example, ones dated July 25 (25 Juli) sell for about twice that, while those dated August 9 go for about $15. To explain the high 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.