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| 正面描述 | Green and ochre Notgeld voucher (Gutschein) with a dense guilloche underprint covering the right two-thirds of the note. At left, a vertical panel contains a faint oval watermark-style vignette of a portrait bust in profile. The denomination "Zehn Milliarden Mark" is printed in bold Gothic (Fraktur) letterpress script at centre, above a clause noting redemption at the Stadthauptkasse Frankfurt a.M. The issuing authority "Stadt Frankfurt am Main" appears at the top, the issue date "Frankfurt A.M., den 25. Oktober 1923" below the text, with a serial number and two manuscript signatures under the legend "DER MAGISTRAT:". |
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| 背面描述 | Printed entirely in blue-green on an ochre paper ground, the reverse carries an elaborate guilloche border with repeating arch motifs flanking a central oval vignette of the Goethehaus am Großen Hirschgraben, the birthplace of Johann Wolfgang von Goethe in Frankfurt. The title "Gutschein der Stadt Frankfurt am Main" is rendered in ornate Fraktur script across the top. The printer's imprint appears in small letterpress text along the bottom margin. |
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Frankfurt was one of hundreds of German municipalities forced to print their own emergency currency — Notgeld — as the Reichsbank failed to keep pace with hyperinflation in 1923. By the time denominations like this one reached circulation, the figure printed on them was obsolete within days. The Osterrieth press in Frankfurt handled a significant volume of municipal emergency work during this period, turning around new denominations at a pace that would have been unthinkable even a year earlier.
Ten billion marks. In November 1923, a single loaf of bread cost roughly 80 billion.