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German Inflation Banknote, 50,000,000 Marks - 1923
German Inflation Banknote, 50,000,000 Marks - 1923
German Inflation Banknote, 50,000,000 Marks - 1923
German Inflation Banknote, 50,000,000 Marks - 1923

German Inflation Banknote, 50,000,000 Marks


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Ships in 3 - 6 days within the US. Orders of $50 or more ship free!

Includes info cards and Certificate of Authenticity.

Your purchase will match the quality of the items shown.

Origin: This genuine banknote worth 50 million marks was produced by Germany (then known as the Weimar Republic) during one of the worst cases of hyperinflation in the 20th century from 1921 to 1923.

In October 1923, the German Papiermark currency was experiencing a monthly inflation rate of about 29,500%, causing prices to double every 3.7 days. One month later, a single US dollar would be worth 4,210,500,000,000 German marks. To put this in context, a loaf of bread that cost 160 Marks at the end of 1922 would have cost 200,000,000,000 Marks by late 1923!

Though there were many factors that lead to this hyperinflation, much of it can be attributed to the Treaty of Versailles. This agreement required Germany to pay off its debts from the First World War using either gold or foreign money. When Germany ran out of gold, it started buying up foreign currency to make its payments. However, this made German marks relatively worthless due to the amount of money that the government had to create to buy other currencies.

The banknote comes with a rigid archival document holder for preservation and handling. A Certificate of Authenticity is also included.

Frequently Asked Questions

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Your order will include:

  • One 50,000,000 Mark note from the Weimar Republic
  • Rigid document holder
  • Detail card with relevant information about the relic
  • Certificate of Authenticity


History Hoard relics are guaranteed authentic and have a 100% money back policy. Read more about the History Hoard Promise. 

Frequently Asked Questions:

Your Certificate of Authenticity is more than just a piece of paper—it's a promise to you.

When you buy from History Hoard, you can rest assured that each of your new relics has been thoroughly inspected under the careful eyes of an antiquities specialist. Only items that are 100% certain to be authentic get sent to our customers.

Plus, we take great care to source our relics from only vetted antiquities experts, who are also committed to providing genuine and ethically sourced relics.

Check out this video to see the most basic things we look for when authenticating coins:

To read more about our promise to you, click here.

Actually, many relics are able to be owned by anyone.

Typically, museums only want to display items that are either very rare or incredibly well preserved. This leaves many items that don't make the cut, and these are able to be owned by individuals.

While the items we sell aren't "museum grade," they still carry with them the same amount of history and uniqueness. Each relic was still hand made by a person, hundreds or even thousands of years ago.

One of our core values is not to damage or alter any of the artifacts we sell.

History needs to be preserved—after all, there is a limited amount of it that survives—but it is also something to be shared with the masses. For this reason, we put our relics in sturdy display cases that are safe to handle, but are mindful that someday the relic may need to be taken out again.

No glue or resin holds the items in place. Instead, we're developed our own method for holding the relics securely in their displays using pressure alone. In fact, any of our relics can be removed in their original condition by simply opening the display case.

You can find our complete FAQ section here.