1922 Anleihe der Stadt Elberfeld 1000 Marks Bond With Scripotrust/PASSCO Certificate of Authentication

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Product Details: 

🇩🇪 1922 Anleihe der Stadt Elberfeld – 1,000 Mark

English Title:
1922 Bond of the City of Elberfeld – 1,000 Marks

📍 Issuer:

Stadt Elberfeld (City of Elberfeld)

• Located in the Rhineland, Germany

• In 1929, Elberfeld merged with neighboring cities to become Wuppertal, making this bond a pre-merger municipal issue

📅 Date of Issue:

1922 – During the peak of German hyperinflation

💵 Denomination:

1,000 Papiermark (paper marks)

📜 Purpose of the Bond:

This municipal bond was issued to raise local funds during a time of:

• Severe economic crisis

• Post-World War I recovery

• Massive inflation within the Weimar Republic

Funds were likely used for:

• Public infrastructure (electricity, roads, water)

• Municipal salaries

• Emergency services or housing

💣 Historical Context: Hyperinflation in 1922

• By late 1922, the German Papiermark was rapidly losing value.

• Local governments, unable to rely on stable national funding, began issuing their own bonds and emergency currency (Notgeld).

• This bond reflects the urgency and fragility of German municipal finance at the time.

🏛️ Historical Significance

• Germany defaulted on these bonds after Hitler’s regime came to power in 1933.

• In 1934, Germany officially suspended reparations payments, effectively defaulting on this and other international loans.

• As a result, these bonds were never fully repaid and are considered defaulted sovereign debt.
  

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