Anyone read German?

[B|lker]

I posted some previous Debentures here with no idea on coupon worth from t-net members.

http://forum.treasurenet.com/index.php/topic,269037.0.html
I have Contacted a bank in berlin and sent pics to them with no reply as of yet.

Here`s some new pics of what i believe are Hamburg bonds but since i can`t read German i`m not sure.

I wasn`t able to find them on the link in my previous post or the internet.

Anyone got a clue? Bank issue? Worth?
Do you think if there worth mucho dinero a bank would tell me the truth?
It does say berlin on the bottom of the front page but i think thats were the were printed.

 

[spartacus53]

Maybe place this in today's finds. I know that we have a few Germans posting there and they may be able to help you. Either that or go to google.com translator and you can type in your info and get an immediate translation. I hope this helps you

 

[B|lker]

Thanks for your input spartacus53
When i posted the Debenture bonds there, they got moved to here so i decided to start here this time.

Thanks again,
Bill

 

[Mackaydon]

Here's a similar issuer's bond (dated 1907) with coupons that sold for $14.
Source: http://74.125.155.132/search?q=cach...onds+Hamburgische&cd=1&hl=en&ct=clnk&ie=UTF-8
See item listing: wbeg0026
Don.....

 

[rayredditch]

So, it´s a Certificate from the Hamburg State in Germany, where someone lent 1000 marks at 4% interest p.a. from them in 1919. (So a Government Loan Bond).
The ones underneath are the same, but multiples of 22 Markes and 50 Pfennig, at 4.5% interest p.a. in 1929 !! Doesn´t seem a lot of money, but in 1929, was probably a fortune. Shortly after the first was written out, it wasn´t worth the paper it was written on as hyper inflation took hold (War had finished, and reparations began.)

 

[BuckleBoy]

Like I said on your earlier post, these are similar to old U.S. stock certificates from the same time frame in terms of worth. Mackaydon's link pretty much sums it up. I wouldn't expect to sell these for more than 20 bucks each--if in pristine condition. Did you contact a random bank in Germany? Did you write your e-mail in German? That is like contacting Pepsi Co. to ask them the value of a vintage Coke bottle. Or perhaps writing to a new ammunition manufacturer asking them if they can identify and appraise a Civil War bullet variant. You wrote to a bank in Berlin, but these notes are from Hamburg.

The people who can best tell you the COLLECTOR'S value of these is the small niche of German Collectors who collect this stuff. I don't know where else to tell you to turn, except to say "Put it on eBay. What it is worth is what someone is willing to pay."


Regards,



Buckles

 

[Mackaydon]

In January 1919 one US Dollar could buy 8.9 German marks. In January 1922 one US Dollar could purchase 191.8 German marks. This meant the buying power of the German mark (Germany's currency) has dropped at an incredible rate. Something that cost one US dollar in 1919 would have cost 8.9 German marks. 3 years later it costs 191.8 German marks, but still is worth one US Dollar. By 1923, 1000 marks was worth about $5.

Source: http://www.schoolshistory.org.uk/ASLevel_History/hyperinflationingermany.htm

 

[BuckleBoy]

In January 1919 one US Dollar could buy 8.9 German marks. In January 1922 one US Dollar could purchase 191.8 German marks. This meant the buying power of the German mark (Germany's currency) has dropped at an incredible rate. Something that cost one US dollar in 1919 would have cost 8.9 German marks. 3 years later it costs 191.8 German marks, but still is worth one US Dollar. By 1923, 1000 marks was worth about $5.

Source: http://www.schoolshistory.org.uk/ASLevel_History/hyperinflationingermany.htm

I have also said that these are hyperinflation values in the other thread about these certificates.

http://forum.treasurenet.com/index.php/topic,269037.0.html

I am 100% certain you will not receive any information that these are redeemable for cash.

 

[B|lker]

Thanks Mackaydon thats an interesting link that i never found.

Thanks rayredditch.

Buckleboy only the pics of my previous post were shared with the bank of Berlin.
http://forum.treasurenet.com/index.php/topic,269037.0.html

They haven`t seen these pics.

Of all the old stocks and bonds i`ve seen, and everyones input I`m convinced they may be worth $40 to the right person.

 

[Mackaydon]

Bill:
Just a thought to consider: Sell the coupons for $3-$4 each; and the cert. for $10; you'd have your min. of $40.
Don.....

 

[rayredditch]

Like has already been mentioned, you could try putting them up on German EBAY with a minimum reserve ! www.ebay.de !!
Selling them to a German dealer would get you nothing, and the banks wouldn´t be interested.
Rheichsmarks went out with the conversion to Deutsche Mark, and then to Euro.
But we find tons of Rheichsmarks coins while hunting, and notes are always being found in old buildingds, sometimes with silly values like 500,000.00 or 1,000,000.00, and 1,000,000,000.00 or more, per note. HYPERINFLATION was reality.