German state
REFERENCE: Founded in October 1923, the German Rental Bank began issuing coins and banknotes from November 15, 1923. The course of the rental mark to the paper was 1: 1 000 000 000 000. The rental stamp was secured by a pledge of real estate - the so-called "mortgage pledge," which meant that every entrepreneur, owner of a factory, land or real estate was obliged to transfer 6% of his real estate to the state.
cat. # Ro.
cat. # P
face value
year
Description/Notes
OBVERSE
REVERSE
Rentenbankschein. 500 Rentenmark. 1. November 1923.