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1 000 000 000 000 Mark Pfullendorf

Issuer Stadtgemeinde Pfullendorf
Year 1923
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Size 151 x 96 mm
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Reverse description Central vignette in a fine-line engraved style presents the Steinbrunnerthor, a medieval gate tower of Pfullendorf with an arched passageway and flanking half-timbered structures; two figures appear in the foreground. The denomination "1000 Milliarden Mark" is printed in large letterpress at the foot of the note.
Reverse lettering Steinbrunnerthor
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Comments

One trillion marks, issued by the municipal government of Pfullendorf, a small town in Baden with a population that would have struggled to justify its own printing operation under any normal monetary condition. This note exists because the Reichsbank could not supply denominations fast enough to keep pace with hyperinflation in late 1923, forcing thousands of German municipalities, businesses, and private entities to issue their own emergency currency — Notgeld — to meet basic payroll and commerce.

By the time twelve-zero denominations were circulating at the local level, the inflation had already rendered them nearly obsolete within days of issue.

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