Going through my worldwide unsorted and I came across this stamp. Appears to be an Export stamp from Mexico for $80.00. By far the highest denomination stamp that I have. What is yours?
Yep, I would think that 50,000,000,000, regardless of the denomination, would be one of the highest ever printed.
50,000,000,000 is lot,but little compared to Hungary Michel 932 from 1946: 500,000 Billio Pengö. That is 500,000,000,000,000,000 Pengö.
Hello all, I thought the Weimar stamps would have been clear winners here but not so. 17 zeros takes some beating. 500 quadrillion Pengö. This would have been my submission. James
You are so right James. Hungary had the same hyperinflation that Germany had post WW1 in 1946. The Pengo took quite a beating.
Hello all, I have done a little research on inflation and hyperinflation It is not just a thing of the past. Chile 1973-1975 Annual inflation reached 746.29% Argentina 1989 Annual inflation reached 12.000% Nicaragua 1987 Annual inflation reached 30,000% Bolivia 1984-1985 Annual inflation reached 60,000% China 1948-1949 monthly inflation peaked at 2,187% Greece 1943-1946 monthly inflation peaked at 13,800% .................. Greece daily inflation peaked at 20.9% Germany 1921-1923 monthly inflation peaked at 29,000% Germany 1923 .......... 4,200,000,000,000 Marks = $1 usa Yugoslavia 1989-1994 monthly inflation peaked at 313,000,000% Highest denomination bill was 500,000,000,000,000 Dinars Zimbabwe 2000-2009 annual inflation reached ................ 516,000,000,000,000,000,000% I have a 100,000,000 Zimbabwe $ bill. an unexpected free gift with a stamp purchace. Regards, James.
To the german great inflation of 1923: The rate for a local letter was 400 Mark on Aug.1st. Four rate hikes later on Oct.1st. it was 800,000 M. Three hikes later on Nov.1st 40,000,000 M.and again five hikes later on Dec.1st it was 50,000,000,000 M. Same day a new currency,the Renten-Mark was introduced.One Billion (Trillion in american English) Mark became one Renten-Mark. So the 50,000,000,000 Mark stamp could be used as a 5 Pfennig stamp and remained valid till the end of 1923. The Rentenmark was renamed Reichsmark ten months later and remained a stable currency till the end of WW II in 1945.
Two ways to address this issue. Denominations in hyperinflation economies certainly 'take the cake'. But consider that a single US$ in those days would buy multiple of those German or Hungarian stamps. As to the $80 Mexican stamp, I think in that case it represents pesos and not dollars. A continuation of that series up to the 1992-93 time frame saw stamps denominated up to $7200, then Mexico evidently revalued the peso and from then on show N$ 3.00 (or such). The other way is to look at the priced paid (in real US$'s). In 1994, I bought $20 denominated (mint) New Zealand stamp (in NZ $'s) and thot that was a lot. Well, today you can pay nearly that much (or more) for a single US express mail stamp. US duck stamps are now selling for $25 - WOW! And I've got a couple of US tax stamps (current) that are denominated $200.00 each (Class III firearms purchases). Pretty sure there are even higher denominated US revenue stamps from the past.
I have a 100,000,000 Zimbabwe $ bill. James, so you're buying us all a round of drinks....heck flying us to Thailand right? ")
I would love to, trouble is it was only valid from June 1st to June 30th of the year it was printed, cannot remember which year, it's in an envelope someware. It came as a free gift with about us$5 worth of stamps. I was thinking about giving it to one of the local bars for their glass countertop. James.
Hello Larry. I decided to invetigate a little further. According to Average annual wage and salary payments in Ohio 1916 to 1932, ... Croxton, Frederick Cleveland, The average annual wage and salary payments in Ohio for 1923 was $1427.81 assuming a six day working week, an average daily rate was $4.58. I do not know where Ohio stood in the US wage league but in comparison to todays daily rate where does the $200 (Class III firearms purchases) stand relative to 1923. Regards, James.
Have a number of hyperinflation stamps of the same era but you have me beat to a pulp on the value...
I know a lot of countries over there had the hyperinflation... I have a number of Hungary as well. Thanks for sharing...
Gunny: Be advised that the Mexican Peso uses the same indicator as the dollar. Your stamp is 80 pesos... with the exchange rate of today (17.3 MNP to one dollar) that would be just under $5 USD. That being said: the stamp is an "Exporta" which is highly collectible by today's Mexico collectors (yes, living on the border, I have a very large Mexico holding). Nice stamp!!!
Freebies are ALWAYS nice. I have a Favorite Seller that gives small silver bullion in addition to his stamps... measured in 5 grain, 10 grain bars, etc. I believe it is 1 grain for each $4 of purchase but it has been awhile.
