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100 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahn-Direktion Dresden |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S1177 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein der Reichsbahn-Direktion Dresden Hundert Millionen Mark zahlen die Kassen der Reichsbahn im Bereiche der unterzeichneten Reichsbahn-Direktion gegen Rückgabe dieses Gutscheines. Dresden, den 25. September 1923 No 043231 Reichsbahn-Direktion Der Präsident: Hauptkasse: |
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| Protection type | Embossed stamp |
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| Comments |
The Reichsbahn-Direktion Dresden was one of dozens of regional railway administrations that issued emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsmark's collapse outpaced the Reichsbank's ability to supply physical notes. Railways were among the largest employers in Germany, and regional directorates were authorized to issue their own scrip to meet payroll when official currency simply wasn't available in sufficient quantities or denominations.
The embossed stamp served as the primary authentication measure — cheap to apply, difficult to fake with the equipment available to opportunistic counterfeiters in 1923. By the time this note was issued, 100 million marks bought roughly a loaf of bread.