History of German state-issued banknotes
German banknotes began to be issued in 1874 and since then have told part of the country's history.
Banknotes from before the First World War reflect a powerful nation. Then came the inflation of 1920 to 1923, when prices were rising from hour to hour.
Around 1930 the country was preparing for the coming war, and banknotes changed as well.
Later banknotes show a nation recovering after the Second World War and becoming an integral part of Europe and one of the world's major economies.
We have been collecting and cataloguing these banknotes for many years; they represent a piece of European history.