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10 000 000 Mark Bautz

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.

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