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100 000 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahndirektion Frankfurt am Main |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Red-toned notgeld printed on plain paper, with a guilloche-patterned underprint throughout. The heading reads 'Reichsbahndirektion Frankfurt a.M.' at top, below which the word 'GUTSCHEIN' appears in bold letterpress, followed by the large Gothic script denomination 'Hundert Milliarden Mark'. A central text block sets out the redemption conditions, flanked on either side by eagle vignettes, with the circular official stamp of the Reichsbahn-Direktion Frankfurt (M) at lower left alongside manuscript signatures; the date 'Frankfurt a.M., 22. Oktober 1923' and the printed numeral '100 000 000 000' appear at the foot. |
|---|---|
| Obverse lettering | Reichsbahndirektion Frankfurt a. M. GUTSCHEIN Hundert Milliarden Mark zahlt die Eisenbahn-Hauptkasse Frankfurt a. M. gegen diesen Gutschein dem Einlieferer, sobald gesetzliche Zahlungsmittel wieder zur Verfügung stehen. Der Gutschein wird von unseren sämtlichen Kassen an Zahlungsstatt angenommen. Der Zeitpunkt, mit dem die Gültigkeit abläuft, wird öffentlich bekannt gemacht werden. Frankfurt a. M., 22. Oktober 1923. Reichsbahndirektion: 100 000 000 000 J. MAUBACH & Co. G.m.b.H. FRANKFURT a/M. |
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By autumn 1923, Germany's hyperinflation had advanced far enough that the national railway authority — the Reichsbahndirektion — was issuing its own emergency currency. This was not unusual for the period; hundreds of municipalities, industrial firms, and state agencies produced Notgeld when the Reichsbank simply could not print fast enough to meet demand. The Frankfurt Reichsbahndirektion turned to a local Frankfurt printer, J. Maubach & Co., rather than waiting on centralized supply.
A hundred billion marks. By the time notes like this reached workers as wage payments, that sum bought roughly a loaf of bread — if the exchange rate hadn't moved again by morning.