I recently discovered some old papers issued in 1923. I don't know German and would like any info which may help me to determine if there is any value. Here are some of the details:
Upper left corner - 1923.Lit. A.I.8% No73257
Right corner - 10,000 Mark
Heading - ANLEIHE
der
Stadt Frankfurt am Main
vom Jahre 1923 Lit.A
uber 3,000,000,000 Mark Reichswahrung
Abteilung I von Mark 2,000,000,000 zu 8% p.a.verzinslich

Two more sheets of smaller certificates with Schein 2 thru 20 Mark 400. Schein 1 was cut out previously. In bold print is the word Zinsschein.

Anyone know of any value, or where I might take them to find out? TIA

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Posted by LSURussian

Member since Feb 2005

126940 posts

Posted on 4/2/10 at 12:28 pm to Good Times

Have you looked here?

LINK

ETA: is this what you have?
LINK

This post was edited on 4/2/10 at 12:31 pm

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Posted by Good Times

Hill top in Tn

Member since Nov 2007

23463 posts

Posted on 4/2/10 at 12:48 pm to LSURussian

quote:
is this what you have?

No. There is one large sheet, approx 9-1/2"x 14", with the wording that I posted.

The smaller certificates, 4-1/2 x 2, have boxes in the corners with Schein No.s 2-20 Mark 400 1. (dates 1. Month and year From August 1924 - Feb 1933. In the right box is Mark 400 (various dates) and No 73257.

Based on the e-bay link, these are only for collectors and not for cash in value? I'm sure that I'm exposing my ignorance, but I'm used to it.

This post was edited on 4/2/10 at 1:03 pm

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Posted by Tigris

Mexican Home

Member since Jul 2005

12344 posts

Posted on 4/2/10 at 10:24 pm to Good Times

quote:
Germany's response to devaluation of currency and runaway inflation in the early 1920s was to print more and more cash, until every paper factory was churning out larger and larger denomination bills - exasperating the problem to the point where the Deutschmark was virtually worthless. For example, in the period between June and October 1923 alone, the Reichsmark fell to less than 1/100,000 of its value at the start of the period!

Many hyperinflation notes simply ended up in drawers because they became worthless within days after being issued. As a result a lot of them are available in barely-used condition. www.sammler.com, a major German collectibles site, quotes retail prices for a circulated bill with that date as €2.50, about $4, and for an uncirculated one, €8, or about $13.