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5000000 Mark German Bond 1923

PRODUCT DESCRIPTION

Beautifully engraved certificate from Germany issued in 1923. This bond was a 8-15 zinsige Schatzanweisung des Deutschen Reichs uber 5000000 Marks. This historic document has an ornate border around it with vignettes of German Eagle. This item has the printed signatures of the government officials and is over 83 years old.

The notes issued by the German Government in 1923 paid interest every six months at a variable rate, which was linked to the average official discount rate during the first four months of each coupon period. In addition, the rate of interest was guaranteed not to fall below a floor of eight percent, and was capped at fifteen percent.

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