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| 背面描述 | 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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| 签名 | G. Gagstätter |
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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.