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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | The reverse, printed in red on cream paper, carries a large central vignette of the Ulm Rathaus (Town Hall) rendered in fine letterpress line engraving, set within a scalloped cartouche with cross-hatched background. To the left, an empty pointed oval cartouche with serrated border serves as a counterfoil or control field. The city arms shield appears at upper right and lower left corners, with the denomination '10 Millionen' at upper left and lower right, and the issuer legend 'Die Stadt Ulm a. d. Donau' along the top. |
| 裏面の銘文 | 10 Millionen Die Stadt Ulm a. d. Donau 10 Millionen |
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| 偽造防止技術 | ログイン して詳細を見る |
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Ulm's municipal administration, like hundreds of German cities in the summer and autumn of 1923, was forced into the notgeld business not by choice but by arithmetic — the Reichsbank simply could not print and distribute currency fast enough to keep pace with hyperinflation. The 10,000,000 Mark denomination, staggering by any prewar measure, was already being rendered inadequate within weeks of issue as prices doubled and redoubled.
Dr. Karl Höhn was a local Ulm printer, not a specialist currency firm. That matters — quality control and paper security varied enormously among municipal emergency issues, and Höhn's output was civic infrastructure pressed into emergency monetary service.