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1000 mark 1918

Europe › Germany
P-R134a1918Darlehnskasse Ost, KownoPMG 65 EPQ(UNC)
1000 mark 1918 from Germany, P-R134a (1918) — image 1
1000 mark 1918 from Germany, P-R134a (1918) — image 2

pair

Market Prices

10 sales
Catalogue (2008)
VG$80
VF$200
UNC$400
PMG 65$4102022-05-30(44 bids)
F$51.992021-03-13(19 bids)
VF$672020-12-09(26 bids)
VF$692020-11-18(32 bids)
PMG 65$224.492019-05-05(35 bids)
F$382017-04-30(11 bids)
VF$24.452016-07-18(20 bids)
F$512016-06-11(28 bids)
F$422014-09-16(20 bids)
UNC$212.52014-06-17(7 bids)

About This Note

This exceptional pair of consecutive 1000 Mark notes issued by Darlehnskasse Ost in Kowno (1918) represents a scarce WWI German occupation currency in gem uncirculated condition, graded PMG 65 EPQ. Both notes display pristine paper quality with no wear, creases, or damage, featuring sequential serial numbers (A543039-A543040) and bold black signatures. The matched pair in this premium condition grade is particularly desirable to collectors of German inflation-era currency and WWI occupation issues.

Rarity

Uncommon. While regional German occupation currency from WWI is more specialized than mainstream issues, the eBay price history shows PMG 65 examples selling for $224-$410 in recent years (with one pair potentially commanding higher value). Lower grades (F-VF) sell for $24-$69, indicating steady collector demand but not extreme scarcity. The matched consecutive pair increases value significantly over single notes. Print runs for Darlehnskasse Ost were limited but not minutely small, and survival rates of gem uncirculated examples are moderate. This is a nice collector piece but not a 'rare' issue in absolute terms.

Historical Context

These notes were issued by the Darlehnskasse Ost (Eastern Loan Bank), a German military finance institution established during the occupation of Lithuania in WWI. The bilingual German-Lithuanian inscriptions and the allegorical female figures depicted reflect the dual administrative structure of occupied territories, where German occupation authorities issued currency alongside local administrative acknowledgment. This loan certificate represents the financial apparatus of German military occupation in Eastern Europe during 1918, the final year of WWI.

Design

The obverse features an allegorical female figure in profile wearing classical garb and adorned with a laurel wreath, symbolizing prosperity or victory—a common motif on German occupation currency. The reverse displays another female allegorical figure, one wearing a hat or headdress on the left, with a winged figure on the right, surrounded by ornamental oval medallions containing coats of arms. The design incorporates an industrial or harbor scene in the background, reflecting Kowno's commercial importance. The color scheme of green, cream/beige, and black provides strong contrast and visual hierarchy. Decorative floral patterns and geometric borders frame the entire composition, characteristic of high-quality banknote engraving from this period. The denomination is prominently displayed in multiple locations and sizes across both sides.

Inscriptions

Front (Obverse): '1000 DARLEHNSKASSENSCHEIN 1000' (1000 Loan Certificate 1000); 'MARK' (Mark); 'EIN TAUSEND MARK' (One Thousand Mark). Reverse: 'EINTAUSEND MARK' (One Thousand Mark); Lithuanian text 'SKOLINAMOSIOS AISDEWIKASOS'ZENKLAS KASES SIHME' (relating to loan certificate designation). Additional administrative markings include serial number information and black signature authentication elements. Certification inscriptions include 'PMG 65 EPQ' (Gem Uncirculated, Exceptional Paper Quality) and 'Sixty Five' (grade designation).

Printing Technique

Intaglio engraving (photogravure or steel engraving), the standard security printing method for German banknotes of the WWI era. The fine detail work in the portrait rendering, ornamental borders, and security features such as the rosette watermark are consistent with premium security printing techniques employed by established German banknote printers during 1918. The quality of impression and paper characteristics visible in the PMG 65 EPQ designation confirm professional security printing standards.

Varieties

Pick catalog P-R134a with rosette watermark. The visual analysis indicates variant 'a' with 6-digit black signatures. The PMG population report notes one cataloged variant (P-R134b) exists with the same rosette watermark designation, suggesting minimal variation between identified types. Serial numbers observed are A543039 and A543040, representing consecutive numbering typical of issued sheets. The Exceptional Paper Quality (EPQ) designation on both notes indicates pristine original paper condition without issues such as staining or aging. Both notes graded at PMG 65, placing them at the top of the uncirculated range.