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The stamp was issued in a period of hyperinflation for Germany; a million marks was probably equivalent to 2 or 3 cents US at the time.

Depending on the condition, it might be worth 20 cents or so today. You could check a Scott catalogue or ask a dealer if you want a more precise estimate. I know that back in the 1970s they were fairly common in $2.00 "grab bags" of a hundred stamps.

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