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1 000 000 000 Mark Bayerische Notenbank
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark panel |
| Protection description | Vertical watermark panel at right margin of obverse reading '1 MILLIARDE MARK' in an ornamental cartouche, printed in light purple. |
| Variants | Log in to see details |
| Comments |
The Bayerische Notenbank was one of four surviving German state banks still legally authorized to issue currency under the Reichsbank Law of 1875, a status that became acutely relevant in 1923 when the Reichsbank's own output could not keep pace with hyperinflation's demands. This billion-Mark note — a denomination unimaginable eighteen months earlier — was printed in Munich as a practical response to a collapse already beyond rational measurement. By November 1923, it would be worth a fraction of a US cent.
The watermark panel is the sole security feature, a telling indication of how quickly anti-counterfeiting considerations had become irrelevant when forgery could not keep up with official devaluation.