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German Konversionskasse scrip, 5 Reichsmark note

Object | Accession Number: 1992.68.1

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    German Konversionskasse scrip, 5 Reichsmark note

    Overview

    Brief Narrative
    Scrip, valued at five Reichsmarks, issued by the Konversionskasse für deutsche Auslandsschulden (Conversion Fund for German Foreign Debts) in 1933. German efforts to finance World War I sent the nation into debt. Following their defeat, the Treaty of Versailles forced Germany to pay reparations to several countries, which increased the nation’s financial struggles. Germany experienced a period of hyperinflation, which was stabilized by the introduction of the Rentenmark in November 1923. Although the economy began to grow again, Germany chose not to tax citizens to fund the reparations, but continued taking out loans from foreign nations, such as the United States. As a result, the repercussions of the Great Depression in America reverberated in the German economy. The Reichsbank began regulating foreign exchange trading in 1931, and took over foreign payment transactions in 1933, with the Konversionskasse serving as an intermediary. The notes were not valid as currency, instead functioning as securities, or an investment in the Konversionskasse. Germany’s continued insolvency and devastated economy allowed the Nazi Party to use people’s fears as a propaganda tool to gain power, eventually leading to Adolf Hitler becoming Chancellor in 1933.
    Date
    issue:  1933 August 28
    Geography
    issue: Berlin (Germany)
    Credit Line
    United States Holocaust Memorial Museum Collection
    Markings
    front, left, printed, black ink : 5

    front, corners of right rectangle, printed, black ink : 5

    front, top, printed, black ink : Serie B Nr. 1248718

    front, center, printed, black ink : Schuldschein der Konversionskasse für / deutsche Auslandsschulden zu Berlin, aus- / gegeben auf Grund des § 4 ihrer Satzung. / Fünf Reichsmark / schuldet die Konversionskasse für deutsche Auslandsschulden dem Inhaber / dieses Schuldscheins. Die Einlösung erfolgt nach § 4 / der Satzung der Konversionskasse. / Berlin, den 28. August 1933 / Konversionskasse für deutsche Auslandsschulden / [two illegible signatures] [Promissory note from the Conversions Fund for / German Foreign Debts to Berlin, / issued on the basis of Section 4 of its statutes. / Five Reichsmarks / the Conversion Fund for German Foreign Debts owes the holder / of this promissory note. The redemption takes place according to Section 4 / of the statutes of the Conversion Fund. / Berlin, August 28, 1933 / Conversion Fund for German Foreign Debts]

    front, center left, printed, black ink : Konversionskass für deutsche Auslandsschulden [Conversion Fund for German Foreign Debts]

    front, bottom, within margin, printed, black ink : REICHSDRUCKEREI • BERLIN [REICH PRINTERS • BERLIN]

    back, center, printed, black ink : Die Konversionskasse für deutsche Auslandsschulden ist / durch § 2 des Gesetzes über Zahlungsverbindlichkeiten / gegenüber dem Ausland vom 9. Juni 1933 gegründet. / § 4 ihrer Satzung lautet: / “Die Kasse darfüber die bei ihr eingezahlten Beträge / auf Reichsmark lautende unverzinsliche Schuld- / scheine ausstellen. Die Bestimmungen über die Einlösung der Schuldscheine trifft die Reichsbank”. [The Conversion Fund for German Foreign Debts was / founded by Section 2 of the Act on Payment Obligations / founded abroad on June 9, 1933. / Section 4 of the statutes reads: / “The Fund may issue non-interest-bearing promissory / notes based on the amounts paid in / Reichsmark. The Reichsbank makes the provisions regarding the redemption of the promissory notes ”.

    back, lower left corner, printed, black ink : Serie B [Series B]
    back, lower right corner, printed, black ink : Nr. 1248718
    Contributor
    Printer: Reichsdruckerei
    Issuer: Konversionskasse fu?r Deutsche Auslandsschulden

    Physical Details

    Language
    German
    Classification
    Exchange Media
    Category
    Money
    Object Type
    Scrip (aat)
    Genre/Form
    Bank notes.
    Physical Description
    Reichsmark scrip note printed on rectangular, cream-colored paper with embedded multi-colored fibers. On the face are two rectangles with elaborately decorative black borders. The rectangle on the left is narrow and vertically oriented, with the numeric denomination in a square with inverted corners, overlaid on a long decoration of overlapping geometric shapes and patterns all printed in black ink over a light brown streak. The larger rectangle on the right has a green-and-brown latticework underprint, with a large guilloché element in the center. In each corner of the rectangle, the numeric denomination overlays a small, rounded rectangle with a guilloché interior. The series and serial number are printed in black at the top center, above several lines of German text. On the lower left side is a black, circular seal with German text surrounding an eagle with spread wings. On the back, are two rectangles with wavy, decorative borders. The larger rectangle on the left has a green-and-brown latticework underprint with a large guilloché element in the center. The series and serial number are printed in black ink in the bottom corners, beneath several lines of German text. The rectangle on the right is narrow and vertically oriented, with nothing printed in the center. Within the narrow rectangle are four, small pinholes and there is a stain on the upper right corner.
    Dimensions
    overall: Height: 4.375 inches (11.113 cm) | Width: 7.500 inches (19.05 cm)
    Materials
    overall : paper, ink

    Rights & Restrictions

    Conditions on Access
    No restrictions on access
    Conditions on Use
    No restrictions on use

    Keywords & Subjects

    Geographic Name
    Berlin (Germany)
    Corporate Name
    Germany. Reichsdruckerei

    Administrative Notes

    Provenance
    The scrip was acquired by the United States Holocaust Memorial Museum in 1992.
    Record last modified:
    2023-08-25 08:22:45
    This page:
    https:​/​/collections.ushmm.org​/search​/catalog​/irn7083

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