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| 正面描述 | White laid paper with a central vertical yellow underprint band. The note is printed in black letterpress within a rectangular border, with the upper half bearing an oval vignette of the Rheinische Stahlwerke industrial steelworks complex at Duisburg-Meiderich, showing factory buildings, smokestacks, and railway wagons. The denomination "1.000.000.000" appears in large bold numerals across the centre, with "MARK" in a decorative oval cartouche flanked by star ornaments in the lower half. Issuer name appears at upper left and right corners, with "Duisburg" and "Meiderich" at lower corners. A six-digit serial number in black is printed with an asterisk to the right, oriented vertically, and a dry embossed stamp "RSW" is present at the upper left. |
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| 背面铭文 | 登录 以查看详情 |
| 签名 | 登录 以查看详情 |
| 防伪类型 | Watermark |
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Rheinische Stahlwerke A.G. was one of the major Ruhr steel concerns, and like dozens of German industrial firms in late 1923, it issued its own emergency currency — Notgeld — as the Reichsbank's paper became functionally worthless faster than it could be printed and distributed. A billion marks. By November 1923, that figure was unremarkable; it bought less than a loaf of bread.
The watermark is notably deliberate for corporate Notgeld, which was often produced under extreme time pressure with minimal security features. Its presence here suggests the firm used a pre-existing paper stock from an established supplier rather than the cheapest available stock.