How to Find the Value of German Hyperinflation Currency 1922-1923 (Notgeld)

Notgeld or "Emergency Money" was the currency issued in Germany during hyperinflation periods. During 1922 - 1923 the government allowed cities and towns to issue their own German mark currency on paper, silk, porcelain and leather. Money was in short supply and in high demand during this period due to the War. Inflation reached tripled digits percentages and the money denominations were up to the billions of Marks.

Since each town was allowed to print their own Notgelds, the symbols and the art on the currency are representative of each region. After the inflation period was long over collectors were showing great interests in collecting and preserving the Notgelds.

Today, there are many collectors of obsolete German hyperinflation currency all over the world. The market value of each Notgeld will depend greatly on the condition of the money. Use these tips to help you find the value of German Notgelds 1922-1923.

Instructions

1. Find out which town or government office in Germany printed the notgeld or emergency money, the year printed and the denominational value to start researching. Determine if the money was printed on paper, silk, leather, metal or porcelain. The paper used to print some Notgelds is also important for value. Sometimes the paper itself is worth more than the face value.

2. 

   Estimate how much of the German inflation money in your collection was printed. There are many online sources and some printed guides to find this information. Generally, the more of the money printed and in circulation at that time, the less value assigned to it. The more rare and scare Notgeld, the higher the value.

3. Determine the condition of the Notgeld money to find the value. As with any collectible, the market value of individual Notgelds depends on its general condition. Obsolete money's condition is generally graded as uncirculated, excellent, very good, good, fair and poor. Some dealers may use additional grading in between these general descriptions.

4. Use a printed paper money catalog to find the value for German notgelds. There are many guides to valuing obsolete currency, two guides for notgelds are: the Standard Catalog of World Paper Money Specialized Issue volume one and World Notgeld 1914-1947 guide.

5. 

   Search for collector's websites to find the value of German inflation money. There are many collectors of paper currency that also buy and sell German notgelds online. Compare the money in your collection to the money in their gallery to find the retail value.

6. 

   Visit local coins and currency dealers to appraise German Notgelds. Take your money to the dealer to get it inspected and appraised. It's a good idea to get estimates from various sources in addition to a coin dealer before putting your German Notgeld for sale.