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Foreign money- 1922-

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US Paper Money148 of 216Oil, Hawaii, Telephone and Early American Industry - Business & Art History20 dollar  error
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Posted 3 years ago

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wingletts
(45 items)

It speaks for itself on it, but it came from my Grandfather's collection that was giving to me. Each one - has many of them
I am hoping that someone can tell me more about them....of why these were never cashed in...lol- dated 1922

I have over 20 of the-10000-marked bills

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Comments

  1. scottvez scottvez, 3 years ago
    The German currency and bonds (??) are from the "wheel barrow of marks for a loaf of bread" days, which happened in the post WW1 years. The currency was worthless. They do make great "show and tell" items-- I gave my kids million mark bills to take to school years ago.

    It is nice to see some Confederate currency that looks real!

    Thanks for sharing,

    Scott
  2. Chrisnp Chrisnp, 3 years ago
    A little bit more about your German Weimar Republic bank note: During WWI, Germany decided to finance the war through borrowing money instead of raising taxes, then after the war, the victorious nations demanded Germany pay very heavy war reparations. This and other economic factors triggered hyper-inflation and the money spiraled into worthlessness. When your 10,000 note was printed, the exchange rate was about 320 Marks to the dollar, making it worth about $31 – BUT, by the end of 1922, it was 8,000 marks to the dollar, dropping your bill’s value to about a buck and a half. By the time it was over, the stuff was so worthless that I’ve seen pictures of children playing with banded stacks of bills like building blocks, and a person using the money for wallpaper. There are Hundred Million Mark notes, and I think even Trillion Mark notes from that time. The emerging Nazi party made this a political issue and gained political traction by blaming the government, as well as Jewish bankers, for allowing this to happen.

    Eventually new currency backed by bonds indexed to the market price of gold was created to replace the old currency. By 1925, the German government would allow the old marks to be exchanged for the new Reichmarks at a rate of one trillion to one. By then the old marks were more interesting as collector’s items than monetary instruments.
  3. wingletts wingletts, 3 years ago
    Thank you Scottvez very exciting to know this. Need more ???
  4. wingletts wingletts, 3 years ago
    Thank you Crisnp, boy your know your history too. Very exciting as I am not of history like I would like to be. But am of Science....lol ...Hey does Germany owe us for our loss...??? lol.....
  5. Chrisnp Chrisnp, 3 years ago
    10-20% I know, which helps me find the 80-90% I look up.
  6. wingletts wingletts, 3 years ago
    Thanks Chrisnp, who saves and collects money like this? also did you see CADUM I put up that was brought home in world war 2. Still trying to find out what this is worth with the company out of Europe. Very interesting container .
    This was brought home by my husbands Father, had foreign coins in it.
  7. Chrisnp Chrisnp, 3 years ago
    The Cadum container was interesting, although not in my area of knowledge. As for the value of your currency, you'll definitely find people interested in the confederate bill, either currency collectors or Civil War buffs. There are some like the one you have on eBay you can follow to see the price they are going for. Pay no attention to the ones nobody is bidding on, I think it's because the starting price was set too high. The German currency still isn't worth much, even today - there was just so much of it printed, and lots of people seem to have kept the notes as curiosities. Anyway, they are on eBay too, but if you look at the ones from this time period that people are actually bidding on, they are only going for a few bucks each.
  8. wingletts wingletts, 3 years ago
    Thanks Chrisnp- I will check out-not a seller on ebay just cleaning out my storage buildings....The cadum, is very interesting, would love to find someone on here to really look at this....again...your knowledge was greatly appreciated.....

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