Chicago Money Rare Coin Hoard Auction 8pt2 D3
By Key Date Coins
Feb 29, 2024
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 10511:

1923 Weimar Germany 10 Millionen Mark P: 106C Grades Select CU. In the early 1920s, post-WWI Germany saw its ...

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Sold for: $5
Price including buyer’s premium: $ 5.90
Start price:
$ 5
Estimate :
$25 - $100
Buyer's Premium: 18%
Auction took place on Feb 29, 2024 at Key Date Coins
tags:

1923 Weimar Germany 10 Millionen Mark P: 106C Grades Select CU. In the early 1920s, post-WWI Germany saw its economy spiraling out of control. Hyperinflation started directly after the war in 1918, but truly took over the Weimar Republic from 1921 to 1923. The value of the Mark declined incredibly rapidly. 1 USD was equal to 50 German Marks at the beginning of 1920. Toward the end of 1923, 1 USD was equal to over 4,200,000,000,000 German Marks. At times, denominations of the Mark became less valuable than the paper and labor to print it almost immediately after printing. Thus, denominations of the Mark notes became incredibly large, ending up in the tens of trillions.

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