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German Empire, Weimar Republic, 200 Mark 1923

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German Empire, Weimar Republic, 200 Mark 1923 (obverse) German Empire, Weimar Republic, 200 Mark 1923 (reverse)

During the last phases of the German inflation, coins became irrelevant. Still, in 1923, the Reichsbank minted 200- and 500-mark coins. Most of them never came into circulation, however: those coins lost their value the day they were minted. Compared with the purchasing power of 1913 the year before war started the 200-mark coin was worth 4 pfennigs by the time of its mintage, and the 500-mark coin 6 pfennigs respectively. Thus, coin production was ceased completely in August 1923.

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