Can anyone tell me about these German WW1 (military?) issues?
Does anyone know anything about these German notes: http://tinyurl.com/t8xdu pparently, they are not in the Standard Catalog of World Paper money. They were found among some old German military ephemera. I'm trying to get an idea what they are worth. I have three types: 1 mark, 2 mark and 5 mark. Each bears the date 1916. Someone suggested they are military issues or POW issues. Any information, clues or guesses would be appreciated. Thank you, Jeffrey P |
Can anyone tell me about these German WW1 (military?) issues?
It is highly likely to be regional currency (notgeld). (Check the
specialised krause notgeld catalogue). The notes are of low denominations (In 1916 Germany was going through a period of hyper inflation - people literally used wheelbarrows to carry their money around. Symilar to what is happening in Zimbabwe at the moment). Notgeld was given out through times of emergency. Usually Notgeld is in low denominations. Notgeld was mostly valid as a means of payment only for a limited period and in a specific region. It was issued on behalf of the Central bank (legally) or outside of legislation by private banks, firms, local authorities (towns, counties etc.), clubs or other institutions. Symilar to the Canadian shinplasters. Jeffrey Parsons wrote: Does anyone know anything about these German notes: http://tinyurl.com/t8xdu pparently, they are not in the Standard Catalog of World Paper money. They were found among some old German military ephemera. I'm trying to get an idea what they are worth. I have three types: 1 mark, 2 mark and 5 mark. Each bears the date 1916. Someone suggested they are military issues or POW issues. Any information, clues or guesses would be appreciated. Thank you, Jeffrey P |
Can anyone tell me about these German WW1 (military?) issues?
On 13 Nov 2006 18:44:51 -0800, "noteworthy"
wrote: The notes are of low denominations (In 1916 Germany was going through a period of hyper inflation Thank you for the reply. I thought the German inflation period started immediately *after* WW1. Wasn't it in 1921 and/or 1922 when the multi-million mark notes started appearing? Jason K |
Can anyone tell me about these German WW1 (military?) issues?
Jeffrey Parsons wrote:
I thought the German inflation period started immediately *after* WW1. Right, although it began relatively slowly. The hyperinflation was mostly in 1921-23. In and right after WW1 there was a cash shortage though. Wasn't it in 1921 and/or 1922 when the multi-million mark notes started appearing? Yep. That period lasted until November 1923. Don't know anything about those "notes", but the text on them is from a famous play - Friedrich Schiller's "Wilhelm Tell". Wer frisch umherspäht / mit gesunden Sinnen, / Auf Gott vertraut / und die gelenke Kraft, / Der ringt sich leicht aus / jeder Fahr und Not ... Christian |
Can anyone tell me about these German WW1 (military?) issues?
Jeffrey Parsons wrote: On 13 Nov 2006 18:44:51 -0800, "noteworthy" wrote: The notes are of low denominations (In 1916 Germany was going through a period of hyper inflation Thank you for the reply. I thought the German inflation period started immediately *after* WW1. Wasn't it in 1921 and/or 1922 when the multi-million mark notes started appearing? Jason K During the Great War the devaluation of the Mark had started already and there was a shortage of money. You are right - The serious hyperinflation didn't start until after the war (due to the reparations Germany had to pay to France and other countries.) Notgeld was already appearing during WW1. |
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