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100 000 000 Mark

Issuer Bezirksverband der Amtshauptmannschaft Dresden-Altstadt
Year 1923
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Value 100 000 000 Mark (100 000 000)
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Obverse lettering Zugelassen vom Reichsfinanzministerium
BEZIRKSVERBAND DER AMTSHAUPTMANNSCHAFT DRESDEN-A.
Gutschein des Bezirksverbandes der Amtshauptmannschaft Dresden-Altstadt
Hundert Millionen
Mark zahlt der Bezirksverband der Amtshauptmannschaft Dresden-Altstadt gegen Rückgabe dieses Gutscheines. — Die Gültigkeit erlischt mit Ablauf der Frist, die bei Einziehung der Scheine für deren Einlösung öffentlich bekanntgemacht wird
Dresden-Altstadt, den 27. September 1923
Bezirksverband der Amtshauptmannschaft Dresden-Altstadt
Amtshauptmann
Kasseninspektor
100 MILLIONEN MARK
Reverse description Printed entirely in olive-green on cream paper, the reverse is composed almost exclusively of layered guilloche work: a large oval guilloche panel occupies the centre, enclosing a second lace-edged oval reserve in which the bold numeral '100' appears in white-on-green relief above the two-line inscription 'MILLIONEN MARK', flanked by decorative scroll flourishes. The outer border replicates the scalloped guilloche frame of the obverse. An anti-counterfeiting warning in Fraktur runs across the lower margin, with the printer's imprint 'GRAPHISCHE WERKE G.M.B.H. DRESDEN' in small type at the foot.
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This is district-level Notgeld, issued by the administrative district authority of Dresden-Altstadt at the height of the hyperinflation spiral in 1923 — by August of that year, the Reichsbank could no longer supply enough currency to meet payroll demands, forcing regional and municipal bodies across Germany to print their own emergency denominations. The Graphische Werke G.m.b.H. in Dresden handled an enormous volume of such commissions locally that summer, turning around new denominations within days as the zero count kept climbing.

A hundred million marks. Enough, briefly, to buy a loaf of bread.

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