Catalog
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| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1873-1923) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Reichsbanknote Zehn Billionen Mark zahlt die Reichsbankhauptkaſſe in Berlin gegen dieſe Banknote dem Einlieferer. Vom 1. februar 1924 ab kann dieſe Bank- note aufgerufen und unter Umtauſch gegen andere geſeꜩliche Zahlungsmittel eingezogen werden Berlin, den 1. November 1923 Reichsbankdirektorium 5 REICHSBANKDIREKTORIUM REICHSBANKDIREKTORIUM Wer Banknoten nachmacht oder verfälſcht, oder nachgemachte oder verfälſchte ſich ver= ſchafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren beſtraft. Wer Banknoten nachmacht oder verfälſcht, oder nachgemachte oder verfälſchte ſich ver= ſchafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren beſtraft. 10000 MILLIARDEN |
| Reverse description | The reverse is printed in a single color on plain paper with a minimal layout. The large Gothic-script inscription "Zehn Billionen Mark" appears across the upper portion, with "Reichsbanknote" above and "10000 MILLIARDEN" in bold at the lower left, the design otherwise left largely unornamented. |
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| Comments |
By November 1923, when this denomination entered circulation, the Reichsbank was printing on one side only to save time — full two-sided notes took too long to produce against a hyperinflation that was outpacing the presses daily. The 10 trillion Mark note exists because the exchange rate against the dollar had collapsed so completely that earlier emergency issues were functionally worthless within days of release.
Stabilization came on 15 November 1923 with the introduction of the Rentenmark at 1 trillion old Marks to 1 new unit — making this note worth exactly one-hundredth of a single Rentenmark pfennig at the moment of conversion.