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10 000 000 000 Mark G. Gagstätter
| Issuer | G. Gagstätter, Säge- und Hobelwerk, Kyanisieranstalt, Senden (Bayern) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 10 000 000 000 Mark (10 000 000 000) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is entirely blank, showing only the plain white paper stock with no vignette, guilloche, or lettering of any kind; faint mirror-image show-through of the obverse text is visible owing to the thinness of the paper. |
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| Signature(s) | G. Gagstätter |
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| Comments |
Senden is a small town on the Iller river, just outside Ulm — and G. Gagstätter was a sawmill and timber-planing operation, the kind of mid-sized industrial firm that found itself forced to print its own emergency money during the hyperinflation peak of late 1923. The denomination here — ten billion Mark — reflects where Germany stood by October of that year, when the Reichsbank rate briefly exceeded four trillion Mark to the dollar.
Dr. Karl Höhn in Ulm handled the printing, a practical choice given geographic proximity. Notgeld issued by private industrial firms rather than municipalities or savings banks is less commonly encountered; Gagstätter's notes circulated among employees and local traders as a payroll substitute when Reichsbank notes simply couldn't keep pace with daily revaluation.