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10 000 000 000 Mark

Issuer Stadt Rastatt (City of Rastatt)
Year 1923
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Currency Mark (1914-1924)
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Obverse description Central vignette of Ludwig Wilhelm I, Margrave of Baden — known as 'der Türkenlouis' — rendered in a letterpress engraving style, seated on horseback in period military attire and holding a baton, with the caption 'der Türken Louis' at his side. The denomination numeral '10' appears in bold Gothic type at each corner, with 'Stadt Rastatt' in large blackletter script across the top. Redemption text in Gothic script is arranged in two columns flanking the equestrian vignette, with the large denomination 'Zehn Milliarden Mark' in ornate Gothic lettering across the lower half, above the issue date and the Oberbürgermeister's printed signature.
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Protection type Watermark
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Comments

Rastatt's 10-billion Mark Notgeld dates from the peak weeks of the German hyperinflation, when municipal authorities across Baden were issuing emergency currency faster than the Reichsbank could supply denominations large enough to be useful. Arthur Albrecht & Cie. in Karlsruhe handled a considerable volume of this regional emergency work in 1923, producing notes for multiple southwest German municipalities under severe time pressure.

The watermarked paper is worth noting — by late 1923 many Notgeld issuers had abandoned security features entirely as pointless given the velocity at which denominations became obsolete. That Rastatt retained it suggests either advance ordering or a printer with stock already on hand.

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