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100 000 000 000 Mark Reichsbanknote
| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 135 × 65 mm |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REICHSBANKNOTE EINHUNDERT MILLIARDEN MARK ZAHLT DIE REICHSBANKHAUPTKASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER. VOM 1. FEBRUAR 1924 AB KANN DIESE BANKNOTE AUFGERUFEN UND UNTER UMTAUSCH GEGEN ANDERE GESETZLICHE ZAHLUNGSMITTEL EINGEZOGEN WERDEN BERLIN, DEN 26. OKTOBER 1923 REICHSBANKDIREKTORIUM 100 |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Comments |
By the time this note entered circulation in late 1923, the Reichsmark-denominated printing industry was struggling to keep pace with hyperinflation that was doubling prices every few days. The 100 billion Mark denomination — unimaginable a year earlier — was itself rendered nearly worthless within weeks of issue. Workers were reportedly paid twice daily and sent home immediately to spend before the afternoon exchange rate erased their wages.
Pick 126 is one of several emergency high-denomination notes printed in-house by the Reichsdruckerei in Berlin under extreme production pressure. The watermark was retained more as inherited convention than as meaningful anti-counterfeiting measure — forging worthless currency was hardly a criminal priority in November 1923.