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| 表面の説明 | Printed on buff paper with a grey repeated-text underprint reading '100 MILLIONEN MARK' and 'HUNDERT MILLIONEN MARK' across the entire field. The header bears the issuer's title in Gothic script within a ruled border, below which a red serial number appears at upper left. The denomination 'Hundert Millionen Mark' is set in large Gothic blackletter type at centre, above a small winged vignette; below, a three-line redemption clause in Gothic script is flanked by the issue place and date at lower left and a circular Reichsbahndirektion Erfurt official stamp with an imperial eagle at centre, with the manuscript authorisation signature of the issuing officer at lower right. |
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| 表面の銘文 | 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 |
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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.