1925 German Reichsbank Stock Certificate for 100 'new' Reichsmarks VF+

Description: 1925 Reichsbank RM100 Stock Certificate Denominated in 'New' Reichsmark Deutsche Reichsbank (German Central Bank) What You See Is What You Get Lot GX523: In this lot you get: (1x) 100 Reichsmarks Reichsbank stock certificate On offer: One 1925 stock certificate of the recapitalized Deutsche Reichsbank denominated in the then new post-hyperinflation German Reichsmark. Vignette at top depicts the (original) head office of the bank on Jagerstrasse (Jägerstraße) in Berlin, with republic Reichsbank seal on the bottom. Very decorative bi-fold certificate is in near perfect condition, fresh, crisp, with no faults. Paper solid, faint toning, color excellent. Four page (fold over,) printed on buff stock by the State Printing Office in Berlin. Text is in German. Measures approx. 11"x15" flat, standard A4 size folded. This crisp piece is in F+ condition. Punch cancel with no foxing, rips or seps. Issued in limited quantities, these stunning artifacts are original first runs, not replacements, duplicates, or replicas. See scans. Authentic historical artifacts documenting turbulent times. What you see is what you get. Makes a nice gift pack for the Old Cold Warrior, student, educator, or history buff in your life! Shipped FLAT via USPS Ground Advantage, with tracking. YES! Will combine shipping - First lot ships at standard rate, all other lots in same order ship free (except where noted). Thanks for looking! Please see my other items for more Third Reich, Soviet and other historical curios. Q: What am I buying, and why would I want it? A: This is a stock certificate from the freshly recapitalized Reichsbank following the disastrous 1922/23 hyperinflation of Weimar Germany. Established by law in 1875 the Reichsbank was a mixed public-private enterprise which served as the German Central Bank until the end of the Second World War. Private stockholders contributed the capital and received dividends, but the German government chose the management, had all voting seats on the board of directors, and made all members of management and operating personnel federal civil servants, as well as receiving 40 percent of profits in excess of 4.5 percent of share capital. As a quasi-commercial business, Reichsbank policy emphasized profitability and provided incentives for top- and middle-level managers (part of their salaries was made proportionate to profits). That measure was inserted in the enabling bill by the Reichstag (the German parliament) to discourage bureaucratic behavior. Prior to WWI the Reichsbank managed a rock-solid currency based on the international gold standard that ranked among the world's most respected. The war forced Germany off the gold standard and onto a path that would lead to the devastating post-war 1922/23 hyperinflation of the Weimar Republic. As the sole source of legal tender for the Reich, the Reichsbank had allowed the Paper Mark to be inflated to worthlessness; between 1913 and 1923, when it was finally abandoned in favor of the 'Reichsmark' the Mark to US Dollar exchange rate collapsed from M4.2 = US$1 to M4.2 TRILLION (short scale*,) = US$1. The replacement Reichsmark was introduced in 1924 and the Reichsbank was re-organized and re-capitalized under Hjalmar Schacht, which resulted in the issue of new stock. Following the defeat of the Third Reich in WWII the bank was disestablished with the majority of its functions being assumed in West Germany (FRG) by the Deutsche Bundesbank, and in East Germany (DDR) by the Deutsche Notenbank, in 1948. The certificate originated in the Reichsbankschatz, a great hoard of Third Reich era stocks and bonds discovered in 1991 in the East Berlin vaults of the former Reichsbank, having sat there undisturbed since the end of the war. There's a bit of irony in that, since the former Reichsbank building, with its piles of capitalist confetti in the basement, was co-opted by the East German communists for use as their Party headquarters, remaining there until the collapse of the DDR. You will hold history in your hands. ILLUSTRATION CREDITS: Bundesarchiv_Bild_183-1982-0114-501,_Berlin,_Jägerstraße,_Reichsbank.jpg Bundesarchiv, Bild 183-1982-0114-501 / CC-BY-SA 3.0, CC BY-SA 3.0 DE. Cropped by Koba Berlin, Mitte, Kurstrasse, Erweiterungsbau der Reichsbank.jpg Jörg Zägel, CC BY-SA 3.0. Cropped by Koba * Long and short scales. Per Wikipedia: "The pre-1974 former British English word billion... German Billion, Dutch biljoen, Danish billion, Swedish biljon, Finnish biljoona, Slovenian bilijon, Polish billion... all refer to 10^12, being long-scale terms. Therefore, each of these words translates to the American English or post-1974 British English word: trillion (10^12 in the short scale), and not billion (10^9 in the short scale)."

Price: 16.99 USD

Location: Camden, New Jersey

End Time: 2024-11-13T02:00:01.000Z

Shipping Cost: 5 USD