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100 000 000 Mark Reichsbahndirektion

Issuer Reichsbahndirektion Altona
Year 1923
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Printer Chr. Adolff, Altona, Germany
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Obverse description Pink and black letterpress note on cream paper with a vertical guilloche border strip along the left margin. The denomination 'Einhundert Millionen' is rendered in large Gothic blackletter script across the centre, surmounted by the heading 'GUTSCHEIN ÜBER MARK' beneath a decorative vignette of spread wings. A redemption text in small Roman type states acceptance at all railway cashiers of the Reichsbahndirektionsbezirk until 30 November 1923, dated Altona, 1 October 1923, with three manuscript signatures and a circular official stamp at lower centre, the issuer's name 'REICHSBAHNDIREKTION ALTONA' printed in capitals top and bottom.
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Reverse description Plain unprinted reverse on cream-buff paper stock, showing natural aging, fold lines, and light surface wear consistent with circulation; no text, vignette, or decorative elements present.
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Comments

The Reichsbahndirektion Altona was a regional directorate of the German national railway administration, and like dozens of municipal authorities, industrial firms, and transport bodies during the hyperinflation of 1923, it issued its own emergency currency — Notgeld — to pay workers when the Reichsbank could not supply adequate denominations fast enough. By the time hundred-million-mark notes were necessary for daily wages, the printing and distribution cycle had collapsed to days rather than weeks.

Chr. Adolff was a local Altona printer, not a specialist currency house. That provenance shows.

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