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10 000 000 Mark Deutsche Reichsbahn

Issuer Deutsche Reichsbahn (German State Railway)
Year 1923
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Reference(s) P#S1014
Obverse description Printed in brown on a buff ground, the obverse carries the issuer's title 'Deutsche Reichsbahn' in Gothic blackletter at the top, below which a winged wheel vignette — the emblem of the German railways — serves as a central underprint behind the large denomination inscription 'Zehn Millionen Mark'. A three-paragraph redemption text in Gothic script states acceptance at all Reichsbahn cashiers and redeemability by 31 December 1923, with the place and date 'Berlin, den 2. September 1923' below. The lower portion bears a series prefix and serial number at left, the circular official seal of the Reichsverkehrsminister at centre, and the manuscript signature of the Reichsverkehrsminister at right, with the denomination numeral '10 000 000' printed vertically along the left margin.
Obverse lettering Deutsche Reichsbahn
Zehn Millionen Mark
Dieser Schein wird an allen Kassen der Deutschen Reichsbahn wie gesetzliche Zahlmittel in Zahlung genommen und bis zum 31. Dezember 1923 eingelöst.
Berlin, den 2. September 1923
Der Reichsverkehrsminister
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Comments

The Deutsche Reichsbahn was among dozens of German commercial and quasi-governmental entities authorized to issue notgeld during the hyperinflation of 1923, when the Reichsbank's output could not keep pace with denominations climbing into the billions. Railway-issued emergency currency occupied a peculiar legal grey zone — technically valid for transactions within the issuing body's operational sphere, though in practice accepted far more widely out of sheer necessity.

Ten million marks sounds staggering; by late 1923, it bought almost nothing. Notes at this denomination were already obsolete within weeks of printing.

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