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| 正面描述 | Green letterpress note with a guilloche underprint overall. The denomination "Eine Milliarde Mark" is printed in large Gothic script across the upper centre, with the issuer heading "Deutsche Reichsbahn" above it. A multi-line legal tender text occupies the centre field, below which the date "Berlin, den 18. Oktober 1923" and serial number prefix appear at lower left alongside a small imperial eagle vignette at lower centre-right. The vertical left margin bears the denomination "Eine Milliarde" in large Gothic lettering, and a facsimile signature of the Reichsverkehrsminister appears at lower right. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | Einigkeit und Recht und Freiheit |
| 签名 | 登录 以查看详情 |
| 防伪类型 | 登录 以查看详情 |
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Deutsche Reichsbahn issued its own emergency currency during the hyperinflation of 1923 because the Reichsbank simply could not print fast enough to meet demand. State railways, municipalities, industrial firms, and even department stores all became de facto note-issuing authorities that year — not by legal right but by practical necessity. The Reichsbahn's billion-mark notes were notgeld in everything but name, accepted by workers and merchants because there was nothing else to hand.
The watermark is the sole security measure, which tells you everything about how briefly these were expected to remain valid. By November 1923, a billion marks wouldn't cover a tram fare.