WWII Nazi Germany 5 Third Reich Era Banknotes 1929-1942 1, 2, 5, 10, & 20RM VG+

Description

Five Nazi Era Banknotes
WWII Era Third Reich Currency
What You See Is What You Get
Banknote Lot G3835:
Five Third Reich Era Banknotes 1929-1942 VG+, to include:
(1x) 20 Reichsmark 1929, Werner von Siemens. Reichsbank law of 1924
(1x) 10 Reichsmark 1929, Albrecht Thaer. Reichsbank law of 1924
(1x) 5 Reichsmark 1942, Hitler Youth. Reichsbank law of 1939
(1x) 2 Rentenmark 1937, number. Rentenbank charter of 1923
(1x) 1 Rentenmark 1937, number. Rentenbank charter of 1923
Second World War
German Reichsbank notes, Nazi era. Lot rates an old-school VG+ in average circulated (used) condition as shown. Paper solid, light folds, edge wear, and light surface dirt usual for grade. Colors good, details clear. Makes a nice gift pack for the Old Cold Warrior, student, educator, or history buff in your life!
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Q: What am I buying, and why would I want them?
A: These banknotes are from World War II Germany, and were in daily use at the time. The three different series are representative of the economic periods in Germany in the interwar period.
Between 1924 and 1948 there existed two separate but domestically equal paper currencies in Germany. These were the legal tender Reichsmark issued by the German central bank, the Reichsbank, and the provisional Rentenmark issued by the quasi-private Rentenbank.
The Rentenmark and Reichsmark were both born out of the chaos of the
Great Hyperinflation
of 1922-1923. The Rentenmark was introduced in November 1923 as a stable measure of value nominally based on gold, which was used as a bridge (mainly of a psychological sort,) between the withdrawal of the old hyperinflated legal tender Paper Mark and the introduction of its replacement, the new Reichsmark.
The Rentenmark was intended to be temporary, and legislation was passed in 1928 for its phase out. The 1929 Wall Street Crash and subsequent Great Depression delayed those plans. In 1939 it was again slated for retirement, but WWII broke out and scotched those plans as well. It would remain in circulation through-out the war and post-war occupation period until it was finally withdrawn in the 1948 currency reforms which created both the East and West German 'Deutsche Mark.'
The Reichsmark was introduced in 1924 as the replacement for the Paper Mark. It was gold backed (but not gold convertible,) and was exchangeable into foreign currencies. The final exchange rate between the debauched Paper Mark and the new Reichsmark was set at 1.05 trillion PM to 1 RM. It was a fatal blow that would doom the nascent Republic.
Legally speaking, the Nazi dictatorship was a continuation of the Weimar Republic, in that it was created under Weimar law and retained the outward forms of the previously democratic regime. That included its money. All notes issued by the Reichsbank from 1924 on, were legal tender in the Third Reich. And, like the Rentenmark, would continue to circulate until the 1948 currency reforms.
Traditionally in Germany the Reichsbank was prohibited from issuing notes of less than a tenner. All smaller denominations of Marks and later Reichsmarks, were government issues, and usually in coin. Only in 1942 did the Reichsbank issue its first, and last, 5 Reichsmark note as seen here.
You will hold history in your hands.
SKR:
18711924334591
CC89
K71R
1S3M
9MB3
YYMMDD