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100 000 000 000 Mark
| Issuer | Marktgemeinde Berchtesgaden (Market Town of Berchtesgaden) |
|---|---|
| Year | 1923 |
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| In circulation to | Log in to see details |
| Reference(s) | DeNG 12#312d |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Marktgemeinde Berchtesgaden Gutschein über Einhundert Milliarden Mark Berchtesgaden,den 26.Oktober 1923 Rechtsk.1.Bürgermeister 2.Bürgermeister Dieser Gutschein wird nach Behebung des Bargeldmangels zur Einlösung gegen Gesetz.gültige Zahlungsmittel aufgerufen. 100 Milliarden Mark |
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| Protection description | Bogenkreuzmuster (arc-cross pattern watermark, Keller #174) |
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| Comments |
Berchtesgaden's municipal administration issued this note at the absolute peak of the Weimar hyperinflation — a hundred billion marks, a denomination that would have been unthinkable eighteen months earlier. By late 1923, German towns, cities, and businesses were printing their own emergency currency (Notgeld) because the Reichsbank simply could not produce notes fast enough to meet demand. Municipalities became de facto issuers by necessity, not ambition.
The watermarked paper is notable for a local issue of this type — most provincial Notgeld at this denomination was printed on whatever stock was available.