Banknote in PMG slab with PMG 65 EPQ grade.
A beautifully preserved banknote with the second highest grade in the PMG registry.
Only one piece graded higher at the time of creating the auction description.
The Free City of Danzig was established in November 1920 under the agreements of the Treaty of Versailles. The issue of the currency system was left to the decisions of the city authorities. Initially, the German mark was maintained in the area. However, as a result of rampant inflation in Germany, it was decided to establish its own currency - the guilder, which was divided into 100 fenigs. It became legal tender in late 1923 and remained until 1939. The paper money issued in Danzig featured the city's iconography.
The Free City of Danzig, established in 1920, initially used a mark, which was linked to the German mark in terms of value. The city's Senate was responsible for the value of paper money. The first marks with a depiction of Danzig's historic architecture went into circulation in mid-December 1922. The highest mark denomination that entered circulation was the 10 billion mark issue of October 11, 1923. Paper money issued in the Free City of Danzig bears the information that it is a notgeld of the municipality of Danzig.
