German Notgeld Vol.4 Die Notgeldscheine der deutschen Inflation vom August 1922 bis Juni 1923



Pages: 757, e-book, PDF format, downloadable file

The wealth of information regarding banknotes and their variations, coupled with up-to-date market-driven valuations, render this latest edition of the emergency money catalog spanning August 1922 to June 1923 an indispensable resource for both German banknote collectors and those with a keen interest in the subject. With the outbreak of World War I, a shortage of small denomination coins ensued, largely due to the hoarding of precious materials like gold and silver that were commonly used in their production. In response to this scarcity, various entities including countries, municipalities, cities, and companies introduced emergency money into circulation.

By 1923, an overwhelming quantity of such emergency currency had flooded the market. Dr. Arnold Keller, the author of the first catalogs on German emergency money, devised a classification system that remains influential today. While there had been some inflation since the war, the loss of value of the Reichsmark became increasingly pronounced from 1922 onwards. Consequently, even a denomination as high as 100 marks was no longer sufficient for emergency money, as the Reichsmark's purchasing power had eroded significantly. To address this, larger denominations were issued, marking a phase that extended until around June 1923, culminating in what is famously referred to as hyperinflation.

The extensive information about these banknotes and their various forms, along with current market valuations, solidify the importance of this edition of the emergency money catalog covering the period from August 1922 to June 1923 for collectors of German banknotes and those with a general interest in the subject