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| 正面描述 | Uniface emergency issue on firm, textured white paper with a light orange gradient underprint. The central text block, set within a dark green border frame, carries the denomination in large Gothic blackletter type reading 'Zehn Milliarden Mark', surrounded by the full legal text of the Gutschein voucher. Serial number printed in black in six digits within a raster field marked 'Nr.' |
|---|---|
| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Blank, uniface note with no printed design on the reverse. The paper shows through-show of the obverse letterpress impression and the honeycomb watermark pattern. |
| 背面铭文 | 登录 以查看详情 |
| 签名 | 登录 以查看详情 |
| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | 登录 以查看详情 |
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| 备注 |
The Vereinigung von Hamburger Banken und Bankiers — an association of private Hamburg banks acting collectively — issued emergency currency during the hyperinflation peak of late 1923, when the Reichsbank could not print fast enough to keep pace with collapsing purchasing power. Ten billion marks was not an unusual face value for that autumn; within weeks of notes like this entering circulation, the denomination was already functionally obsolete.
Persiehl was a Hamburg-based printer with an established commercial reputation, not a specialist security printer, which is worth noting when evaluating the watermark as the primary — and thin — anti-counterfeiting measure.