1923 German 500,000 Mark Banknote – A Symbol of Hyperinflation

Issued by the Reichsbank, the 1923 500,000 Mark banknote is a striking representation of Germany’s economic turmoil during the Weimar Republic era. This note was printed during the height of hyperinflation, when the German Mark rapidly lost value, leading to astronomical denominations in currency.

Key Features & Historical Significance

Issuer: Reichsbank (Germany)

Denomination: 500,000 Mark

Year of Issue: 1923

Pick Number: P-88

Size: Approx. 169 × 94 mm

Material: Paper banknote with intricate engraving

Design Features:

Obverse: Black print with dark green design elements, featuring a portrait of a man wearing a Jacobite cap on both sides

Reverse: Reichsadler (Imperial Eagle) in dark green, symbolizing Germany’s national identity

Watermark: 500M spiral, reinforcing authenticity

This banknote highlights Germany’s post-war economic struggles, as inflation skyrocketed due to war reparations, excessive money printing, and political instability. By late 1923, prices were rising so fast that workers were paid multiple times a day, and banknotes like this lost their purchasing power within hours.

Why Collect This Banknote?

The 1923 German 500,000 Mark is a valuable piece of European numismatic history, marking one of the most extreme cases of hyperinflation in modern times. With its detailed artwork, historical significance, and representation of economic instability, this banknote remains a sought-after collectible among enthusiasts.

Secure this 500,000 Mark banknote today and own a tangible piece of Germany’s financial history!