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What is the value of a German 20 milliarden mark note dated October 1923?
Wiki User
∙ 12y ago
Your bill is one of the more valuable examples of Weimar Republic inflation currency. sammler.com, a major German collectibles site, lists the following values as of 03/2012:
> Average condition, with circulation wear: about €10, or roughly USD 13.50
> Brand-new condition: about €30, or $40.
"Milliard" is the old term for what's currently called a billion in most countries; i.e. zwanzig Milliarden = 20,000,000,000 . That absurd figure was the result of rampant hyperinflation in Germany due in part to post-WWI reparations. At the worst point bills with denominations in the million millions (1012) were being printed to keep up with skyrocketing prices.
Wiki User
∙ 12y ago
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