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10 000 000 Mark Reichsbahn in Bayern

Issuer Reichsverkehrsministerium Zweigstelle Bayern (Imperial Ministry of Transport, Bavaria Branch)
Year 1923
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Currency Mark (1914-1924)
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Obverse description Green and black letterpress Gutschein (voucher note) with a central oval vignette containing two allegorical figures — a draped female figure at left and a seated male figure at right — flanking a rectangular cartouche inscribed with the denomination in Fraktur script. A decorative basket motif with an eagle appears at the top centre of the vignette. Below the oval, a framed text panel carries the redemption clause, the issuing authority, and the date 25. August 1923, accompanied by a manuscript signature. The serial number appears in the upper right corner.
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Reverse lettering 10
Millionen
10
Millionen
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Comments

Railway emergency money — Eisenbahn-Notgeld — proliferated rapidly in the summer and autumn of 1923 as Germany's hyperinflation outpaced the Reichsbank's ability to supply denominated currency fast enough for payroll. The Reichsverkehrsministerium's Bavarian branch issued its own notes to pay railway workers directly, bypassing the central banking system entirely. At 10,000,000 Mark, this note was already obsolete within weeks of printing; by November 1923 the Reichsmark had been replaced by the Rentenmark at a rate of one trillion to one.

Railway-issued Notgeld from this period is frequently found with paymaster's stamps or handwritten countersignatures applied at individual depots — an authentication measure that also complicates attribution today.

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