A Hundert Milliarden Mark (100 billion marks) dated 30 October 1923 is a notable example of hyperinflation in Weimar Germany. During this period, the value of the German mark plummeted, making such high denominations practically worthless. While it may have had a face value of 100 billion marks, its actual worth in terms of purchasing power was negligible. Today, it is primarily of interest to collectors and historians rather than having any significant monetary value.
October 16, 1923
October 16, 1923
Roy Lichtenstein was born on October 27, 1923.
Italo Calvino was born on October 15, 1923.
Ned Rorem was born on October 23, 1923.
what is the value of the German mark coin with horse on back dated 1923
You may want to check the correct number of zeros in your question, as this 2 billion ("zwei milliarden") denomination is not listed on any collectors' site. If there is one zero missing in your number, the twenty billion note might be worth between 15 and 30 US dollars, depending on quality.
The 5th of October 1923 was a Friday.
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.
In October 1923, during the hyperinflation period in the Weimar Republic, the value of 20 billion marks was essentially negligible due to the extreme devaluation of the currency. Prices skyrocketed daily, and the mark had lost most of its purchasing power. By the end of 1923, the exchange rate had reached astronomical figures, making everyday transactions increasingly chaotic. Essentially, 20 billion marks would have had very little practical value at that time.
ALL US coins dated 1923 have the word LIBERTY on them so a denomination is needed.
The country that obtained its independence in October 29 1923 is Turkey.
Speedville - 1923 was released on: USA: 28 October 1923
Discontent - 1923 was released on: USA: 21 October 1923
No Pets - 1923 was released on: USA: 7 October 1923
Thundergate - 1923 was released on: USA: 15 October 1923
Desire - 1923 was released on: USA: 1 October 1923