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Values of the most important German Banknotes of the Inflation Period from 1920 - 1923

List of the most important german banknotes from the inflation period with their values.

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10,000 Mark
This is an 10,000 Mark banknote from Germany which was issued 1922

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Introduction

Germany lost 1918 world war I. 
The treaty of Versailles damned Germany 1919 to pay a lot of reparations to the nations that won the war. 
Germany had a very weak economy at this time. The young republic of Weimar had no money. So Germany printed a lot of money which lost its value from day to day. The inflation period started 1919 and became worst on November 1923. 
1923 french troops occupied the German industry region the "Ruhrgebiet" because Germany didn't pay its reparations at that time. 
Therefore the inflation became worse and worst at this time.

The following table shows you the value of 1 $ at this time:

Date Approx. Value of 1 US $ in German Marks
1/1/1920 50 Mark
1/1/1921 75 Mark
1/1/1922 190 Mark
7/1/1922 400 Mark
1/1/1923 9,000 Mark
6/1/1923 100,000 Mark
9/1/1923 10,000,000 Mark
10/10/1923 10,000,000,000 Mark
10/25/1923 1,000,000,000,000 Mark
11/15/1923 4,200,000,000,000 Mark

 

The inflation ended with the issue of the German Rentenmark at November 1923. 1 Rentenmark was 1,000,000,000,000 Mark.
1 US Dollar was 4.20 Rentenmark.
The banknote with the highest denomination was 100,000,000,000,000 mark (100,000 billion marks = Einhundert Billionen Mark) and had the worth of 100 Rentenmark.
It was issued February 1924 and has a high value for collectors because this banknote is a rarity (value approx. 2,500 $)

 

Values of the most important German Banknotes from 1920 - 1923

The values depend on the condition of the banknotes.
Value for condition I (= unc) and III (used condition, not torn and not very bad cond.)  in Euro. 1 Euro is about 1.30 US$

The values are average prices for the cheapest types of these banknotes that collectors may pay for these banknotes in Germany. These banknotes don't have any currency value today. 

Denomination condition III condition I
50 Mark "Fünfzig Mark" 24.6.1919 2 10
10 Mark "Zehn Mark" 6.2.1920 1 3
50 Mark "Fünfzig Mark" 23.7.1920 2 10
100 Mark "Hundert Mark" 1.11.1920 1 6
100 Mark "Hundert Mark" 4.8.1922 1.50 8
500 Mark "Fünfhundert Mark" 27.3.1922 2.50 20
500 Mark "Fünfhundert Mark" 7.7.1922 5
1000 Mark, Tausend Mark 15.9.1922
several types!
0.50 - 1.50 2.50 - 5.00
5000 Mark, Fünftausend Mark 16.9.1922 5 75
5000 Mark, Fünftausend Mark 19.11.1922, 198x107 mm 2.50 40
5000 Mark, Fünftausend Mark 2.12.1922 0.50 - 1 2.50
10,000 Mark, Zehntausend Mark, 19.1.1922
size 210 x 124 mm,
several types
2.00 - 2.50 6  - 8
10,000 Mark 19.1.1922
size 180 x 100 mm,
several types
1 - 8 10 - 18
20,000 Mark, Zwanzigtausend Mark 20.2.1923 0.50 - 1.00 2.50
50,000 Mark, Fünfzigtausend Mark 19.11.1922, 190x110 mm 2 8 -10
50,000 Mark, Fünfzigtausend Mark 9.8.1923, 105x70 mm 1.50 8
100,000 Mark, Hunderttausend Mark, 1.2.1923 2.50 8
100,000 Mark, Hunderttausend Mark,  25.7.1923 1 2.50
200,000 Mark,  9.8.1923 4
500,000 Mark, Fünfhunderttausend Mark,  1.5.1923 10 20
500,000 Mark, Fünfhunderttausend Mark,  25.7.1923 5
1,000,000 Mark, Eine Million Mark,  25.7.1923 1 10
1,000,000 Mark, Eine Million Mark,  9.8.1923 0.50 -1.00 2.50
2,000,000 Mark, Zwei Millionen Mark,  9.8.1923 0.50 -1.00 2.50
5,000,000 Mark, Fünf Millionen Mark,  25.7.1923 1.50 13
5,000,000 Mark, Fünf Millionen Mark,  20.8.1923 2.50 6
10,000,000 Mark, Zehn Millionen Mark,  25.7.1923 1 5
10,000,000 Mark, Zehn Millionen Mark,  22.8.1923 0.50 -1.00 2.50
20,000,000 Mark, Zwanzig Millionen Mark,  25.7.1923 1 5
20,000,000 Mark, Zwanzig Millionen Mark,  1.9.1923 1 2.50
50,000,000 Mark, Fünfzig Millionen Mark,  25.7.1923 1 5
50,000,000 Mark, Fünfzig Millionen Mark,  1.9.1923 0.50 -1.00 2.50
100,000,000 Mark, Einhundert Millionen Mark,  22.8.1923 1.50 5
500,000,000 Mark, Fünfhundert Millionen Mark,  1.9.1923 1.50 - 2.50 5 -8 
1,000,000,000 Mark, Eine Milliarde Mark on 1000 Mark,  15.12.1922 5 10
1,000,000,000 Mark, Eine Milliarde Mark,  5.9.1923 2.50 8
1,000,000,000 Mark, Eine Milliarde Mark,  20.10.1923 2.50 5
5,000,000,000 Mark, Fünf Milliarden Mark,  10.9.1923 5 12 -15
5,000,000,000 Mark, Fünf Milliarden Mark,  20.10.1923 2.50 5
10,000,000,000 Mark, Zehn Milliarden Mark,  15.9.1923 10 30
10,000,000,000 Mark, Zehn Milliarden Mark,  1.10.1923 10 40
20,000,000,000 Mark, Zwanzig Milliarden Mark,  1.10.1923 10 30
50,000,000,000 Mark, Fünfzig Milliarden Mark,  26.10.1923 5 - 10 15 -20
100,000,000,000 Mark, Einhundert Milliarden Mark,  26.10.1923 5 15
100,000,000,000 Mark, Einhundert Milliarden Mark,  5.11.1923 10 20
1,000,000,000,000 Mark, Eine Billion Mark,  5.11.1923 60 130
2,000,000,000,000 Mark, Zwei Billionen Mark,  5.11.1923 60 130
5,000,000,000,000 Mark, Fünf Billionen Mark,  7.11.1923 300  600 
10,000,000,000,000 Mark, Zehn Billionen Mark,  1.2.1924 200  500 
20,000.000,000,000 Mark, Zwanzig Billionen Mark,  5.2.1924 400  600 
100,000,000,000,000 Mark, Hundert Billionen Mark,  15.2.1924

The highest denomination of the German banknote history

1500 - 2000 3000 - 3500
5,000,000,000,000 Mark, Fünf Billionen Mark,  5.3.1924 150 450

There are more types of banknotes between 1919 and 1923!

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