Lot 398: Rare album gilt-stamped on the front cover in German, "Erinnerung an schwere Zeiten [Memory of Difficult Times]," 9 x 5.75, containing twenty-two 1922–23 Notgeld specimens for the North Rhine-Westphalia towns of Duren, Euskirchen, Julich, and others, affixed inside on opposite pages to show the designs of the front and back. The faces of the notes are serial numbered 000001 through 000011, with denominations of 500, 50 thousand, 500 thousand, 1 million, 10 million, 20 million, 100 million, 2 milliarden overprinted 50 milliarden, 2 billion, 10 billion, and 25 milliarden mark. Wear to the spine and corners of the album itself, otherwise fine condition; the interior pages and currency are in fine condition. These Notgeld specimens were introduced during the period of devastating German hyperinflation that began in 1921. As the value of the mark deteriorated exponentially, Notgeld—meaning 'emergency money'—were issued in denominations reaching into the billions. The social unrest resulting from this unstable economy was one of the factors in the political upheaval that led to the Nazi Party's rise to power in the country.
RR Auction's Fine Autographs and Artifacts Auction 456
Wednesday, 15th July 2015
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