1924 Germany Treasury Bond – 8.15% – 100 Million Marks With Scripotrust Certification
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Product Details:
1924 Germany Treasury Bond – 8.15% – 100 Million Marks With Scripotrust Certification
🇩🇪 Schatzanweisung of the German Reich – 1924 – 100,000,000 Mark
📌 Type of Document
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Name: Schatzanweisung (literally "Treasury Note" or "Treasury Bill")
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Issuer: Deutsches Reich (German Reich / Weimar Republic)
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Date of Issue: 1924
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Denomination: 100,000,000 (One Hundred Million) Marks
🏛️ Historical Context
This treasury note was issued during the hyperinflation crisis that devastated Germany's economy in the early 1920s, especially:
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After the Treaty of Versailles (1919) imposed heavy reparations
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During the Ruhr occupation by French and Belgian forces in 1923
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When public confidence in the currency collapsed completely
By late 1923 and early 1924, the German Papiermark became virtually worthless. Prices doubled within hours, and banknotes or bonds like this were issued in absurdly high denominations — such as 100 million marks — just to keep up.
💸 Bond Features
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Face Value: 100,000,000 Papiermark (inflated currency)
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Typical Design: Official printed format, serial number, Reich seal or emblem, with gothic-style typography common to the era
🧾 Original Purpose
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These notes were short- or mid-term debt instruments used by the German government to raise funds
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Due to hyperinflation, their real financial use was limited, and they quickly lost purchasing power
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In 1934, Germany officially suspended reparations payments, effectively defaulting on this and other international loans.
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As a result, these bonds were never fully repaid and are considered defaulted sovereign debt.
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