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| Issuer | Stadtgemeinde Heilbronn (City of Heilbronn) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Plain white fine paper with a light blue and dark blue underprint, enclosed within a black decorative border of repeating triangular ornaments. The body text is printed in black letterpress, with the serial number in red comprising five digits preceded by an asterisk at right. |
|---|---|
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| Protection description | No watermark present. |
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| Comments |
Heilbronn printed its own million-mark note because it had no choice. By mid-1923 the Reichsbank simply could not supply denominations large enough to meet weekly payroll demands, and municipalities across Germany were authorized — more by necessity than formal statute — to issue their own Notgeld to bridge the gap. Carl Rembold AG, a local printing firm, handled the job without the intaglio equipment of the major security printers, which is why the physical execution is noticeably cruder than Reichsbank issues of the period.
The watermarked paper was the only meaningful security measure. Within weeks of issue, the denomination itself was economically worthless.