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THBGroup of German Banknotes, Dated 1922
About Seller
522 South Pineapple Avenue
Sarasota, FL 34236
United States
Sarasota Estate Auction specializes in a wide variety of furniture, antiques, fine art, lighting, sculptures, and collectibles. Andrew Ford, owner and operator of the company, has a passion for finding the best pieces of art and antiques and sharing those finds with the Gulf Coast of Florida.
Live Auction in Progress ... Currently on Lot Two ways to bid:
- Leave a max absentee bid and the platform will bid on your behalf up to your maximum bid during the live auction.
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Bid Increments
| Price | Bid Increment |
|---|---|
| $0 | $10 |
| $100 | $25 |
| $250 | $50 |
| $1,000 | $100 |
| $2,500 | $250 |
| $7,500 | $500 |
| $20,000 | $1,000 |
| $50,000 | $2,500 |
| $100,000 | $5,000 |
| $250,000 | $10,000 |
About Auction
LiveNov 3, 2024
Over 1,000 lots will be offered in day 2 of our 2 day weekend. There are multiple lots of important fine art from landscapes and etchings to old masters and portraits. We have a great collection of sterling silver, WWII posters, Asian antiquities, a lifetime collection of woodblock prints, oriental rugs, bronze sculptures, and more! Sarasota Estate Auction sarasotaestateauction@gmail.com
View Full Catalog (1014)
- Lot Description
Group of German Banknotes, Dated 1922. 10,000 Marks (Reichsbanknote).
Size: (each) 8 1/4 X 5 in.
#4000 .
The Papiermark (officially just Mark) was the German currency from 1914 onward when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923. From the moment it was created in 1914, the value of the mark fell. The rate of inflation was relatively steady until the end of World War I and their defeat, as the Treaty of Versailles obligated Germany to pay reparations, which increased the nation’s financial struggles. The German government attempted to solve this problem by printing more money, which led to severe inflation, reaching its highest point in October of 1923. The currency stabilized in November of 1923 after the announcement of the creation of the Rentenmark, although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1 trillion Marks to 1 Rentenmark. On August 30th, 1924 the Rentenmark was replaced by the Reichsmark, as part of the Nazi efforts to revitalize the economy. In addition to the issues of the government, emergency issues of both tokens and paper money, known as Kriegsgeld (war money) and Notgeld (emergency money), were produced by local authorities, which contributed to the country’s overall monetary difficulties. The 10,000 German Mark bill was the largest denomination issued to that date, distributed in Germany from January of 1922 until the announcement of the Rentenmark. The front of the note features a 1499 painting by Albrecht Dürer titled “Portrait of a Young Man,” and contains subtle references to the anti-French sentiment held by most Germans at the time. The painting was slightly altered by the engraver at the Reichsdruckeri to make the subject look like a gothic vampire, suggesting that France was sucking the life blood out of Germany through reparations.
- Shipping Info
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SHIPPING INFORMATION·
Sarasota Estate Auction IS NOT RESPONSIBLE FOR SHIPPING! BUYER MUST ARRANGE SHIPPING. All shipping will be handled by the winning bidder. Sarasota Estate Auction recommends obtaining shipping quotes before bidding on any items in our auctions. To obtain a quote, please email info@premiershipment.com. Be sure to include the lot you are interested in and address you would like the quote for. Refunds are not offered under any circumstances base on shipping issues, this is up to the buyer to arrange this beforehand.
BIDDER MUST ARRANGE THEIR OWN SHIPPING. Although SEA will NOT arrange shipping for you, we do recommend our preferred shipper Premier Shipping & Crating at info@premiershipment.com You MUST email them, please DO NOT CALLl. If you'd like to compare shipping quotes or need more options, feel free to contact any local Sarasota shippers. You can email any one of the shippers below as well. Be sure to include the lot(s) you won and address you would like it shipped to. Brennan with The UPS Store #0089 - 941-413-5998 - Store0089@theupsstore.com AK with The UPS Store #2689 - 941-954-4575 - Store2689@theupsstore.com Steve with The UPS Store #4074 - 941-358-7022 - Store4074@theupsstore.com Everett with PakMail - 941-751-2070 - paktara266@gmail.com
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- Payment & Auction Policies
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Available payment options
We accept all major credit cards, wire transfers, money orders, checks and PayPal. Please give us a call at (941) 359-8700 or email us at SarasotaEstateAuction@gmail.com to take care of your payments.
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- Buyer's Premium
- Size
(each) 8 1/4 X 5 in.
- LiveA Cat Code
26473
- LiveA Material & Tech Code
25834
