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| 表面の説明 | Printed in brown on cream paper, the note carries a vertical guilloche panel along the left margin bearing the denomination numeral repeated in a column. The main field is set within an ornate guilloche border and displays the issuer name 'Deutsche Reichsbahn' at the top in Roman type, beneath which the denomination 'Hundert Millionen Mark' is rendered in large Gothic blackletter script. A block of text in Gothic script states the legal tender and redemption conditions, followed by the place and date 'Berlin, den 25. September 1923', the signatory designation 'Der Reichsverkehrsminister', a handwritten signature, a serial letter prefix and red serial number at lower left, and an oval official stamp of the Reichsverkehrsminister bearing the Imperial Eagle at lower right. |
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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | ログイン して詳細を見る |
| 裏面の銘文 | ログイン して詳細を見る |
| 署名 | ログイン して詳細を見る |
| 偽造防止技術 | Watermark |
| 偽造防止の説明 | ログイン して詳細を見る |
| バリエーション | ログイン して詳細を見る |
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The Deutsche Reichsbahn began issuing its own emergency currency in 1923 because the Reichsbank simply could not print fast enough to meet demand. Railway workers needed to be paid, and the state railway system — one of the largest employers in Germany — had both the institutional weight and the physical infrastructure to distribute notgeld at scale. By the time denominations reached nine figures, payroll calculations had become an exercise in zeroes rather than economics.
The S-prefix in the Pick reference designates this as a private or semi-official issuer rather than a central bank note — a distinction that mattered legally at the time but meant little to the worker receiving it on a Friday afternoon in October 1923.