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German Papiermark

The Papiermark is the name given to the German currency from 4 August 1914, when the link between the Goldmark and gold was abandoned. In particular, the name is used for the banknotes issued during the period of hyperinflation in Germany in 1922 and especially 1923. During this period, the Papiermark was also issued by the Free City of Danzig. The last of five series of the Danzig mark was the 1923 inflation issue, which consisted of denominations of 1 million to 10 billion issued from August to October 1923. The Danzig mark was replaced on 22 October 1923 by the Danzig gulden.

This five-hundred-million-mark banknote, issued on 26 September 1923, features a portrait of Danzig-born philosopher Arthur Schopenhauer on the obverse and is in the National Numismatic Collection of the Smithsonian Institution's National Museum of American History.

Other denominations:

Banknote design cr: Danzig Central Finance Department; photographed by Andrew Shiva

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