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| 正面描述 | Cream-toned Notgeld voucher (Gutschein) printed in black letterpress on plain paper, with a light blue guilloche underprint running vertically through the centre. The denomination "Hundert Milliarden Mark" is set in large Gothic blackletter typeface dominating the centre field, flanked on both vertical margins by the numeral "100" and the word "Milliarden" printed sideways. A circular embossed stamp of the Sparkasse zu Bischofswerda, bearing a heraldic vignette with an angel above a coat of arms, is affixed at centre-bottom, alongside a purple handwritten signature on behalf of "Der Rat der Stadt". The issue date "Bischofswerda, am 29. Okt. 1923" and the payability clause referencing the Girokasse Bischofswerda appear in smaller Gothic script below the denomination. |
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One of the more extreme denominations to emerge from the autumn 1923 hyperinflation spiral, this hundred-billion Mark note was issued by the municipal council of Bischofswerda — a small Saxon town with no particular financial infrastructure — because the Reichsbank simply could not distribute emergency currency fast enough. Local authorities across Germany were authorized, then effectively compelled, to print their own Notgeld to keep wages and commerce moving.
Paul Klepsch & Sohn was a local printing firm, not a security printer. The note was produced where it circulated, by a press more accustomed to commercial jobbing work.