Free: Antique Inflationary German Bankote 10,000 Mark LOT OF 50 - Coins - Listia.com Auctions for Free Stuff

FREE: Antique Inflationary German Bankote 10,000 Mark LOT OF 50

Antique Inflationary German Bankote 10,000 Mark LOT OF 50
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Description

The listing, Antique Inflationary German Bankote 10,000 Mark LOT OF 50 has ended.

Lot of 50 Notes

1922 Germany 10,000 Mark Bill
The “Vampire Note”
Issued in January of 1922
Huge size! Roughly double the size of a U.S. $
Average Circulated condition
VG with some creases through AU Condition

Due to the amount of money owed post-WWI after being forced to take financial responsibility for all those involved in the war, Germany (then called Weimar Republic) decided to print more money. This devalued the Mark into oblivion.
Sound familiar? Hope we don't take it this far!

For example, in January of 1922 10,000 Marks could buy you 250 pounds of meat. By the end of the year, it could only buy 50 pounds.
Even worse, in 1920, 50 Mark equaled 1 US Dollar. By the end of 1923, it took 4.2 Billion Mark to equal 1 US Dollar.
Questions & Comments

Antique Inflationary German Bankote 10,000 Mark LOT OF 50 is in the Collectibles | Coins category