1924 Schatzanweifung des Deutfchen Reichs Bond – 8.15% – 10 Billion Marks With PASSCO COA

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1924 German Bond 10 Billion

Passco Certificate of Authentication 

Product Details: 

🇩🇪 Schatzanweisung des Deutschen Reichs – 1924 – 10.000.000.000 Mark

🗓️ Date Issued:

Likely issued in early 1924, during the final stages of the hyperinflation crisis.

💴 Denomination:

10,000,000,000 Mark (10 billion paper marks)

🏛️ Issuer:

Deutsches Reich (German Reich / Weimar Republic)
Specifically issued by the Reichsschuldenverwaltung (Reich Debt Administration)

📜 Instrument Type:

Schatzanweisung – this translates as Treasury Note or Treasury Bill, a form of short-term government debt.

📉 Historical Context:

• By 1923, Germany was experiencing one of the worst cases of hyperinflation in modern history.

• In late 1923 and early 1924, prices were doubling daily, and the currency lost almost all value.

• This note was issued as an emergency measure, like many bonds and treasury bills during the inflationary collapse.

• In late 1923, the Rentenmark was introduced to stabilize the economy, followed by the Reichsmark in 1924.

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