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100 000 000 000 Mark Overath
| Issuer | Gemeinde Overath (Municipality of Overath) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Gutschein der Gemeinde Overath über Mark Einhundert Milliarden Dieser Gutschein wird eingelöst durch die Gemeinde-Kasse in Overath, die Kreissparkasse der Landkreise Köln und Mülheim, in Köln: St. Apernstraße 19, in Köln-Mülheim: Buchheimerstraße 70 und deren Zweigstellen Overath, den 22. September 1923. Der Bürgermeister, I. V.: Dieser Gutschein verfällt am 31. Dezember 1923. |
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| Reverse lettering | Hundert Milliarden Mark GEMEINDE OVERATH |
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| Comments |
Overath is a small town in the Bergisches Land east of Cologne, and like hundreds of German municipalities in late 1923, it issued its own emergency currency — Notgeld — when the Reichsbank's printing presses could no longer keep pace with hyperinflation. By the time notes in the hundred-billion-mark range were being produced, the denomination itself was almost immediately obsolete; the Rentenmark stabilization of November 1923 came within weeks of most such issues.
Municipal Notgeld of this period was typically printed locally on short notice, which accounts for the variation in paper quality and typographic execution seen across surviving examples. Overath's issue is unexceptional as a financial instrument but sits in the very last stratum of the inflation collapse.