20 Mark Reichsbanknote

Features

Issuer	Germany (1871-1948)
Issuing bank	Reichsbank
Emperor	William II (1888-1918)
Type	Standard circulation banknotes
Years	1906-1914
Value	20 Mark
Currency	Mark (1873-1923)
Composition	Paper
Size	136 × 90 mm
Shape	Rectangular
Demonetized	5 June 1925
Number	N# 202146
References	P# 25a, 25b, etc. Standard Catalog of World Paper Money (10 volumes).

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Obverse

Text with decorated initials and imperial eagle

Lettering:
Reichsbanknote.
Zwanzig Mark
zahlt die Reichsbankhauptkasse in Berlin ohne
Legitimationsprüfung dem Einlieferer dieser Banknote.
Berlin, den 7 . Februar 1908.
Reichsbankdirektorium

Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft.

Translation:
Imperial bank note.
Twenty Marks.
the Reichsbankhauptkasse in Berlin will pay the vendor of this banknote without any legitimation check.
Berlin, 21 April 1910.
Reichsbank Directorate

Anyone who counterfeits or forges banknotes, or procures counterfeit or forged banknotes and puts them into circulation, shall be punished by imprisonment for not less than two years.

Reverse

Ornament with value numeral

Lettering:
Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft.

20 REICHSBANKNOTE 20 REICHSBANKNOTE
20
20 REICHSBANKNOTE 20 REICHSBANKNOTE

Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft.

Translation:
Anyone who counterfeits or forges banknotes, or procures counterfeit or forged banknotes and puts them into circulation, shall be punished by imprisonment for not less than two years.

20 REICHSBANKNOTE 20 REICHSBANKNOTE
20
20 REICHSBANKNOTE 20 REICHSBANKNOTE

Anyone who counterfeits or forges banknotes, or procures counterfeit or forged banknotes and puts them into circulation, shall be punished by imprisonment for not less than two years.

Watermark

No watermark or 20 in ornate wreath (P#40c)

Signatures

Richard Koch (RK)	President
Oskar Gallenkamp (OG₁)	Director
Frommer (F)	Director
Otto von Glasenapp (OG₂)	Director
Oskar Schmiedicke (OS)	Director
Korn (K)	Director
Gotzmann (G)	Director
Erich Maron (EM)	Director
Karl von Lumm (KL)	Director
Karl von Grimm (KG)	Director
Rudolf Havenstein (RH)	President
Carl Kauffmann (CK)	Director
Paul Schneider (PS)	Director
Arnold Budczies (AB)	Director

Printer

Bundesdruckerei (Reichsdruckerei), Berlin, Germany (1879-date)

Comments

P#25 Issued 10 March 1906
P#25a Serial Number with 6 digits, Prefix with Underprint Letter possible combinations
A / B, L, X
B / J, M, X
C / J, L, M, X
D / J, M, X

P#25b Serial Number with 7 digits, Prefix with Underprint Letter possible combinations
A / B, J, M
B / B, J, M
C / J, M
D / J, M

P#31 Issued 7 Feb 1908
Serial Number Prefix with Underprint Letter possible combinations
A / D, O, P
B / O, P, W
C / A, K, O, W, X
D / A, D, O

P#37 Issued 10 Sept 1909
Serial Number Prefix with Underprint Letter possible combinations
A / S
B / P, S
C / P, S
D / S

P#40 Issued 21 Apr 1910
P#40a Serial Number with 6 digits, Prefix with Underprint Letter possible combinations
E / N, V
F / N, V
G / N, V, Z
H / V, Z
J / R
K / R

P#40b Serial Number with 7 digits, Letter with Underprint Letter possible combinations:
A / S, U
B / S, U
C / S, U, V
D / S, V
E / F, G, L, M, N, Q, X, Y
F / C, F, G, H, J, L, M, N, Q, X, Y (Pictured above)
G / B, C, F, G, H, J, L, M, Z
H / B, C, F, G, H, L, M, R, Z
J / R
K / R

P#40c Issued 19 Feb 1910 with Watermark

P#46 Issued 19 Feb 1914
P#46a with 6 digit Serial Number
Serial Number Prefix with Underprint Letter possible combinations
L / E
M / T

P#46b 7 digit Serial Number
Serial Number Prefix with Underprint Letter possible combinations
J / D, O, Q, T, W
K / E, K, L, O, P
L / A, E, K, P, S, T, U
M / A, D, S, T, U
N / N, U, V
O / H, N, Y, Z
P / H, L
Q / F, L

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Date	Signatures	G	VG	F	VF	XF	AU	UNC	References		Frequency
Undetermined
1906-Mar-10	RK, OG₁, F, OG₂, OS, K, G, EM, KL								P# 25a Standard Catalog of World Paper Money (10 volumes).	6 digit serial #	2%
1906-Mar-10	RK, OG₁, F, OG₂, OS, K, G, EM, KL			$ 0.98					P# 25b Standard Catalog of World Paper Money (10 volumes).	7 digit serial #	3%
1907-Jun-08	RK, OG₂, F, OS, K, G, EM, KL, KG		$ 2.00	$ 2.20	$ 2.70				P# 28 Standard Catalog of World Paper Money (10 volumes).	7 digit serial #	7%
1908-Feb-07	RH, OG₂, F, OS, K, EM, KL, KG, CK	$ 1.90	$ 1.90	$ 1.90	$ 1.90	$ 2.30			P# 31 Standard Catalog of World Paper Money (10 volumes).	7 digit serial #	15%
1909-Sep-10	RH, OG₂, OS, K, EM, KL, KG, CK, PS			$ 1.00	$ 2.40				P# 37 Standard Catalog of World Paper Money (10 volumes).	7 digit serial #	4%
1910-Apr-21	RH, OG₂, OS, K, EM, KL, KG, CK, PS, AB	$ 2.10			$ 2.30	$ 5.70			P# 40a Standard Catalog of World Paper Money (10 volumes).	Without watermark. 6 digit serial #.	7%
1910-Apr-21	RH, OG₂, OS, K, EM, KL, KG, CK, PS, AB	$ 1.30	$ 1.30	$ 1.50	$ 1.60	$ 4.10			P# 40b Standard Catalog of World Paper Money (10 volumes).	Without watermark. 7 digit serial #.	38%
1910-Apr-21	RH, OG₂, OS, K, EM, KL, KG, CK, PS, AB								P# 40c Standard Catalog of World Paper Money (10 volumes).	Watermark: 20 Mark.	3%
1914-Feb-19	RH, OG₂, OS, K, EM, KL, KG, CK, PS, AB			$ 0.40	$ 1.90	$ 7.50			P# 46a Standard Catalog of World Paper Money (10 volumes).	6 digit serial #.	5%
1914-Feb-19	RH, OG₂, OS, K, EM, KL, KG, CK, PS, AB	$ 0.81	$ 1.70	$ 1.90	$ 2.00	$ 2.10	$ 6.60	$ 23	P# 46b Standard Catalog of World Paper Money (10 volumes).	7 digit serial #.	59%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Examples of the type

Picture 1 of the example of 20 Mark (Reichsbanknote)

Picture 2 of the example of 20 Mark (Reichsbanknote)

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Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 185 Lot 1552	24 Feb 2026	1907-Jun-08 RK, OG₂, F, OS, K, G, EM, KL, KG – P# 28 – 7 digit serial #	F	USD 8.08 (EUR 7.00) (+ buyer's premium) The lot includes several items.
© Katz Coins Notes & Supplies Corp.
	Katz Auction 135 Lot 2333	14 Aug 2024	1908-Feb-07 RH, OG₂, F, OS, K, EM, KL, KG, CK – P# 31 – 7 digit serial #	VF	USD 10.39 (EUR 9.00) (+ buyer's premium) The lot includes several items.
© Katz Coins Notes & Supplies Corp.
	Katz Auction 91 Lot 888	8 Aug 2023	1908-Feb-07 RH, OG₂, F, OS, K, EM, KL, KG, CK – P# 31 – 7 digit serial #	VF	USD 5.77 (EUR 5.00) (+ buyer's premium) The lot includes several items.
© Katz Coins Notes & Supplies Corp.
	Katz Auction 149 Lot 6043	8 Feb 2025	Undetermined	UNC	USD 16.16 (EUR 14.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 143 Lot 2000	13 Nov 2024	Undetermined	UNC	USD 11.54 (EUR 10.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 139 Lot 2024	5 Oct 2024	Undetermined	UNC	USD 16.16 (EUR 14.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 132 Lot 2196	17 Jul 2024	Undetermined	UNC	USD 16.16 (EUR 14.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 132 Lot 2190	17 Jul 2024	Undetermined	UNC	USD 40.39 (EUR 35.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 113 Lot 2247	17 Feb 2024	Undetermined	AU	USD 6.92 (EUR 6.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 89 Lot 241	10 Jul 2023	Undetermined	AU	USD 11.54 (EUR 10.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.