Germany, 5'000'000 Mark 1923


ID Number: SR29-0101
Category: Paper Money
Description: Germany, 5'000'000 Mark 1923
Country or State: Germany
Year: 20.08.1923
Period: German Weimar Republic (1919-1933)
Head of State/Ruler: Fredrich Ebert
Reign: 11 February 1919 – 28 February 1925
Currency: Marks
Face Value: 5 Million Marks (Inflation Money, One Side Print)
Obverse: Black on gray-green underprint.
Obverse Legend:  
Obverse Designer:  
Reverse: Blank
Reverse Legend:  
Reverse Designer:  
Note: Uniface, Pink Paper
Dimensions (B x H): 125 x 80 mm
Krause Catalog Number:  
Other Catalog Number: P#105
State of Conservation: Very Fine (VF)

Uncirculated (Unc) € 20.00
Extremely Fine (XF) € -
Very Fine (VF) € 10.00
Fine (F) € -
Very Good (VG) € 5.00
Good (G) € -
Poor (P) € -


The Imperial German government disintegrated in a flurry of royal abdications as World War I ended. Desperate German parliamentarians, fearful of impending anarchy and civil war, hastily declared a German Republic. The new National Assembly, which was convened Feb. 6, 1919 in Weimar had to establish a legal government, draft a constitution, and then conclude a peace treaty with the Allies. Friedrich Ebert was elected as Reichs President.
The harsh terms of the peace treaty imposed on Germany were economically and psychologically unacceptable to the German population regardless of political persuasion and the problem of German treaty compliance was to plague the Republic until the worldwide Great Depression of 1929. The new constitution paid less attention to fundamental individual rights and concentrated more power in the President and Central Government to insure a more stable social and economic order

The German bureaucracy survived the transition intact and had a stifling effect on the democratic process. The army started training large numbers of reservists in conjunction with the U.S.S.R. thereby circumventing treaty limitations on the size of the German military. New anti-democratic ideologies were forming, Communism and Fascism were spreading. The National Socialist German Workers Party, under Hitler's leadership, incorporated the everpresent anti-Semitism into a new virulent Nazi Catechism.

In spite of the historic German inflation, the French occupation of the Rhineland, and the loss of vast territories and resources, the republic survived. By 1929 the German economy had been restored to its pre-war level. Much of the economic gains however were dependent on the extensive assistance provided by the U.S.A. and collapsed along with the world economy in 1929. Even during the good times, the Republic was never able to muster any loyal public support or patriotism. By 1930, Nationalists, Nazis, and Communists held nearly half of the Reichstag seats and the government was forced to rely more and more on presidential decrees as the only means to effectuate policy. In 1932, the Nazis won 230 Reichstag seats. As head of the largest party, Hitler claimed the right to form the next government. President Hindenburg's opposition forced a second election in which the Nazis lost 34 seats. Von Papen, however, convinced Hindenburg to name Hitler Chancellor by arguing that Hitler could be controlled. Hitler formed his cabinet and immediately began consolidating his power and laying the groundwork for the Third Reich.