German Hyperinflation Bonds 1923|
TWO different bond Certifcates due 1927
Issued: Dated August 1923
Incorporated: Berlin, Germany
100,000 M (mark) 8-15 zinfige Schatzanweifung des Deutfchen Reichs
500,000 M (mark) 8-15 zinfige Schatzanweifung des Deutfchen Reichs
Have been folded
Have been hole cancelled
Have not been hand signed
This is group # (3) THREE
I do have TWO another groups, each two bonds, of the 100,000 Mark bonds up.
In the early 1920s Germany experienced one of the most severe inflations of all time.1 The inflation was not apparent in 1920, but began showing up in 1921. Thereafter it got steadily worse until it came to an abrupt halt at the end of 1923. At its worst in the second half of 1923, prices rose more than fivefold each week.
From the middle of 1922 until the middle of 1923, prices increased by over 100 times. Measured by the price of food, prices were 135 times higher at the end of the period than they were at the beginning. Measured by how many marks it took to buy a dollar, prices were 222 times higher. Yet even this horrid inflation was mild compared to what happened from July to November of 1923, when prices increased by somewhere between a million and a billion times their previous level.
For more information click on http://ingrimayne.com/econ/EconomicCatastrophe/HyperInflation.html
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