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1 000 000 000 000 Mark
| Issuer | Sächsische Bank zu Dresden |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
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| Reverse description | The reverse is printed in green on white paper and carries a large stylised leaf-shaped guilloche vignette at centre, within which the numeral "1" and the Gothic-script legend "Eine Billion Mark" are boldly rendered. The issuer's name "Sächsische Bank zu Dresden" is inscribed within the lower portion of the vignette. Serial numbers in red appear at upper left and upper right, and the anti-counterfeiting statutory warning is set in small type below the central device, with the printer's imprint at the foot. |
| Reverse lettering | 1 Eine Billion Mark SÄCHSISCHE BANK ZU DRESDEN Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder ver- fälschte sich verschafft und in Veckehr bringt, wird mit Zuchthaus bestraft (Translation: 1 One trillion Marks Sächsische Bank zu Dresden Anyone who counterfeits or forges banknotes, or who obtains and circulates counterfeit or forged banknotes, will be punished with imprisonment.) |
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| Comments |
The Sächsische Bank zu Dresden was one of four German private note-issuing banks still operating alongside the Reichsbank in 1923, and its authorization to print emergency currency during the hyperinflation crisis made notes like this one a practical necessity rather than a policy choice. By the time one trillion Mark denominations were required, the purchasing power of the currency was collapsing faster than the presses could keep up — this note's face value would have bought a loaf of bread for perhaps a day before becoming insufficient.
Johannes Pässler printed locally in Dresden, which was typical for Saxony's regional emergency issues. The Sächsische Bank lost its right to issue notes when the Rentenmark stabilization took hold in late 1923.