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100 000 000 Mark Reichsbahndirektion

Issuer Deutsche Reichsbahn, Direktionsbezirk Erfurt
Year 1923
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Value 100 000 000 Mark (100 000 000)
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Obverse lettering Deutsche Reichsbahn - Direktionsbezirk Erfurt
Gutschein über
Hundert Millionen Mark
Dieser Gutschein wird von den Eisenbahnkassen in Zahlung genommen oder gegen andere Zahlungsmittel umgetauscht. Vom 1. November 1923 ab kann dieser Gutschein zur Einlösung aufgerufen werden.
Erfurt, den 22. September 1923
Reichsbahndirektion
A. Stenger, Erfurt
Reverse description The reverse is unprinted, showing plain buff paper with a faint impression of the obverse text visible through the thin stock, and the embossed outline of the official circular stamp showing through from the face.
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Comments

Deutsche Reichsbahn's regional directorate at Erfurt was among dozens of state enterprises and municipal bodies forced to issue their own emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsbank simply could not print fast enough to meet demand. The railway directorates had a practical incentive beyond convenience: they needed to pay wages, and denominations that were legal tender one week were functionally worthless the next.

A. Stenger was a local Erfurt printer pressed into service for this run, not a specialist banknote house. Quality control on such contracts was variable, and the paper stocks used by regional printers often differed batch to batch — something collectors notice in surviving examples of this issue.

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