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100 000 000 000 Mark

Issuer Stadtkasse Buer i.W.
Year 1923
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Composition Paper
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Obverse description Plain cream paper Notgeld issued by the municipal treasury of Buer i.W., printed in dark red letterpress on a light blue-green guilloche underprint. The large denomination numeral and text '100 Milliarden Mark' occupies the centre, with a Gothic-script header and body text setting out the payment obligation and validity clause; at lower centre, the engraved arms of Buer (a turreted shield with a tree and cross) appear between the place-date 'Buer i.W., den 23. Okt. 1923' and the magistrate's signature block. A lozenge-shaped side panel at right carries the numeral '100' and the legend 'Milliarden Mark' printed vertically.
Obverse lettering Gutschein der Stadt Buer i. W.
Die Stadtkasse Buer zahlt dem Einlieferer dieses Scheines
100 Milliarden
Mark. — Der Schein verliert seine Gültigkeit einen Monat nach Aufruf in den Buerschen Tageszeitungen
Buer i. W. den 23. Okt. 1923
Der Magistrat:
100 Milliarden Mark
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Comments

Buer — now absorbed into Gelsenkirchen — was a coal-mining municipality in Westphalia, and like hundreds of German local authorities in late 1923, its treasury issued emergency paper as the Reichsbank's own notes became worthless faster than they could be printed. The hundred-billion Mark denomination places this squarely in the final weeks of the hyperinflation peak, when a single U.S. dollar was exchangeable for roughly four trillion Marks. Municipal Notgeld at this scale was not a novelty item — it was payroll.

Stadtkasse issues from smaller Ruhr cities are poorly documented, and survival rates vary sharply depending on whether local redemption drives were organized before the Rentenmark stabilization in November 1923.

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