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Russia: Ten billion WWI-era Papiermarks discovered in Kaliningrad graves01:28

Russia: Ten billion WWI-era Papiermarks discovered in Kaliningrad graves

Russian Federation, Gusev
July 28, 2015 at 08:35 GMT +00:00 · Published

Researchers sifted through a recently-discovered haul of Weimar and World War One-era banknotes and other documents from the same period of German history, at the Gusev History Museum in Russia's Kaliningrad region on Monday.

Landscaping work on WWI-era graves in Kaliningrad led to the discovery of around 10 billion Papiermarks contained within a metal box. Also found inside was a hand-written letter with a dedication to a "warriors" association that researchers hope will reveal more about the origins of the box.

Many of the Papiermark bank notes and coins date from the era of the Weimar Republic which experienced hyperinflation between the two world wars. Rentenmarks were introduced in 1924 to phase out the Papiermark as a result of the rocketing price of the post-WWI currency.

Kaliningrad was formerly known as Konigsberg, East Prussia, and considered a part of Germany until the Soviets claimed it after victory in WWII.

Russia: Ten billion WWI-era Papiermarks discovered in Kaliningrad graves01:28
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Description

Researchers sifted through a recently-discovered haul of Weimar and World War One-era banknotes and other documents from the same period of German history, at the Gusev History Museum in Russia's Kaliningrad region on Monday.

Landscaping work on WWI-era graves in Kaliningrad led to the discovery of around 10 billion Papiermarks contained within a metal box. Also found inside was a hand-written letter with a dedication to a "warriors" association that researchers hope will reveal more about the origins of the box.

Many of the Papiermark bank notes and coins date from the era of the Weimar Republic which experienced hyperinflation between the two world wars. Rentenmarks were introduced in 1924 to phase out the Papiermark as a result of the rocketing price of the post-WWI currency.

Kaliningrad was formerly known as Konigsberg, East Prussia, and considered a part of Germany until the Soviets claimed it after victory in WWII.

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