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1 000 000 000 Mark

Issuer Stadtgemeinde Lörrach (City of Lörrach, Baden)
Year 1923
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Value 1 000 000 000 Marks (1 000 000 000)
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Reverse description The reverse is unprinted and shows the blank cream paper surface, through which the obverse letterpress impression is clearly visible in mirror image, confirming the single-sided printing technique characteristic of many German Notgeld emergency issues of the hyperinflationary period of 1923.
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Protection description Circular red ink municipal seal of Stadtgemeinde Lörrach, bearing the city coat of arms, applied at lower centre of the obverse.
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Comments

Lörrach's billion-Mark note dates to the autumn of 1923, when German municipal authorities were legally empowered — and practically obligated — to print their own emergency currency as Reichsbank supply failed to keep pace with hyperinflation. The Wiesentaler Handelsdruckerei was a local commercial printer, not a specialist banknote house; the official stamp functioned as the primary security feature precisely because there was no time or infrastructure for anything more sophisticated.

At the rate inflation was moving in October 1923, a one-billion-Mark denomination had a useful life measured in days before it, too, became inadequate for ordinary transactions.

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