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1 000 000 000 Mark
| Issuer | Stadtkasse Buer i.W. (City Treasury of Buer) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Plain white emergency issue printed in letterpress, centred on a pale yellow-ochre guilloche underprint panel bearing the denomination EINE MILLIARDE MARK in large bold type; the issuing clause 'Die Stadtkasse Buer zahlt dem Einlieferer dieses Gutscheins' is set above in a smaller face, while vertical cartouches at left and right repeat the value '1 MILLIARDE' within ornamental framed borders. The date 'Buer i.W., den 16. Oktober 1923' is placed at lower left beneath the validity clause, with the printed magistrate's title 'Der Magistrat:' and two manuscript authorisation signatures at lower right. |
|---|---|
| Obverse lettering | Gutschein der Stadt Buer i.W. Die Stadtkasse Buer zahlt dem Einlieferer dieses Gutscheins EINE MILLIARDE MARK Der Schein verliert seine Gültigkeit einen Monat nach Aufruf in den Buerschen Tageszeitungen. Buer i.W., den 16. Oktober 1923. Der Magistrat: 1 MILLIARDE |
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| Comments |
Buer — now absorbed into Gelsenkirchen — was a mid-sized industrial town in the Ruhr, and like hundreds of German municipalities in late 1923, its city treasury was forced to issue its own emergency currency as the Reichsbank's supply of adequately denominated notes simply could not keep pace with hyperinflation. By the time a billion-mark denomination made any practical sense, it was already nearly worthless: in October and November 1923, a single US dollar was exchanging for hundreds of billions of marks.
Local Notgeld at this scale was printed on whatever stock was available and often within days of authorization. The turnaround between issue date and effective obsolescence was sometimes under a week.