As we well know, German suffered runaway inflation in the 1920s as a result of crippling reparation payments after World War 1. These 1 Milliarde notes date from that time (P114). Printed on one side only, they are simple affairs. The milliarde of that time was what we call a billion today - One thousand million marks became one milliarde. We have a limited number of these high denomination notes in Crisp GEF/Unc. We haven’t been able to offer them for quite a long time in such high grade.
A note issued during the crazy hyperinflation period of the 1920s in Germany featuring a portraits of a merchant. This 5000 marks note was issued in 1921 and densely engraved in brown and green on cream (P81) . We offer them in Good Fine to VF.
Germany suffered rampant hyperinflation in the early 1920’s and local banks, towns, industries and municipalities started issuing banknotes alongside the government issues. These 1000 marks notes were issued by the Stadt of Bamberg. They are fairly simple affairs and actually circulated during this fraught economic crisis Available in G Fine to VF at just £5.25.
In the early 1990s, Yugoslavia suffered chronic hyperinflation with banknotes being issued in the millions and finally the billions. This 100 million Dinara is dated 1993. (P124) A young boy appears on the front with the facade of the Academy of Science on the back. A relic of troubled times before war led to the breakup of the country. Crisp Uncirculated at just £ 3.75
Not many countries have had to resort to issuing banknotes with a billion denomination. Always a result of runaway inflation, these billion notes have always fascinated collectors. We offer this 500 billion Dinara note from Yugoslavia issued in 1993 (P137) in Uncirculated at only £12.50.