Watch List notes:

Notgeld Specimen Booklet - Erinnerung an schwere Zeiten (Memory of Hard Times) 1922 -1923. Germany. Clothbound album containing 1922-23 Notgeld specimens for the North Rhine-Westphalia towns of Duren, Euskirchen, Julich, and others. It measures approximately 230m x 145mm. Face and back designs, mounted on opposite pages. The eleven front specimens have serial numbers 000001 through 000011. The denominations in order are 500, 50,000, 500,000, 1,000,000, 10,000,000, 20,000,000, 100,000,000, 50,000,000, One Billion, Ten Billion, and 20,000,000. While the album covers are scuffed and stained a bit, the notes are Uncirculated, and Choice. Attractive and rare.

Estimate: 1250 - 2500