Germany, Reich. Michel 325A on cover, 1923 Inflation numerals 1 Miliarde M lilac-brown perf 14 x 14¼. Registred letter, sent from Hamburg 6.11.1923 to Stockholm, franked wit h 11 copies of Mi 325A (Correct franking). Postage fee: 20 g letter to a foreign destination - 4 billion RM, regstration fee 1 billion RM, insurance fee 4 billion RM, in total 11 billions.