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| 正面描述 | Plain firm white paper with graphite-grey letterpress printing; the border and text elements are rendered in black. A vertical oval violet ink control stamp is applied at centre, and a four-digit serial number in black appears on the note. Two circular punch-hole cancellations are present at the left and right extremities. |
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| 背面描述 | Typeset grey-on-white letterpress printing within a plain rectangular frame; the denomination "Zehn Milliarden Mark" is set in a large bold typeface at centre, with the issuing authority name above and an anti-counterfeiting warning legend below, separated by horizontal rules. Two circular punch-hole cancellations are visible at the left and right margins. |
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Giengen an der Brenz — a small Württemberg town best known today as the birthplace of the Steiff teddy bear — was one of hundreds of German municipalities forced to print their own emergency currency during the hyperinflation of 1923. By October of that year, the Reichsbank simply could not supply denominations fast enough to keep pace with price collapse, and Notgeld at the ten-billion-mark level was not extraordinary.
The watermarked paper suggests the city sourced stock from a commercial printer with access to security paper rather than improvising entirely. Whether this was a single issue or part of a short series in the same denomination run is not firmly established in the secondary literature.