Catalog
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| Issuer | J. Bautz A.-G. Erntemaschinen-Werk, Saulgau |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | Typeset notgeld voucher printed in black on cream paper with a fine guilloche underprint in pale violet. The note is framed by an ornate letterpress border of interlocking floral and foliate cartouches. At the top centre, a monogram medallion with the letter 'B' flanked by decorative foliage anchors the header, while the denomination 'Zehn Millionen Mark' is set in a bold blackletter Gothic script across the centre field. The issuer's name, date, serial number with Lit. D prefix, and two facsimile signatures appear in the lower portion, with a circular violet control stamp applied over the face. |
|---|---|
| Obverse lettering | Gutschein über zehn Millionen Mark Dieser Gutschein wird bis 1. November 1923 gegen Verrechnung sofort, gegen bar nach Behebung der Bargeldknappheit von der J. Bautz A.-G., Erntemaschinen-Werk Saulgau, sowie von der Gewerbebank Saulgau in Zahlung genommen. Fristverlängerung vorbehalten. J. Bautz A. G. Erntemaschinen-Werk, Saulgau/Württ. Saulgau, den 1. September 1923 |
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| Comments |
J. Bautz A.-G. was an agricultural machinery manufacturer in Saulgau — not a bank, not a municipality, not a state authority. That it was issuing ten-million-mark emergency notes in 1923 tells you everything about the velocity of the hyperinflation that summer: the Reichsbank simply could not print fast enough, and private firms across Germany were authorized to issue Notgeld to pay their own workers. Bautz needed notes; Gebr. Edel, a local printer also based in Saulgau, provided them.
The denomination itself would have been roughly adequate for a day's wages at the time of printing and nearly worthless within weeks.