Catalog
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| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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| Obverse description | Printed in green on a pale ground, the obverse centres on a bold cursive denomination 'Zwei Billionen Mark' set against an intricate guilloche underprint of interlocking floral and geometric lacework. The heading 'REICHSBANKNOTE' appears at upper left alongside a series designation and red serial number at upper right, while a central letterpress payment clause reads 'ZAHLT DIE REICHSBANKHAUPTKASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER' with the date 'Berlin, den 5. November 1923'. Two circular Reichsbank eagle dry-seal impressions flank a block of facsimile signatures of the Reichsbankdirektorium, with a counterfeiting warning legend printed in small text along the lower margin. |
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| Obverse lettering | REICHSBANKNOTE Zwei Billionen Mark ZAHLT DIE REICHSBANKHAUPTKASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER. — BERLIN, den 5. November 1923 REICHSBANKDIREKTORIUM Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft |
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| Comments |
By November 1923, when this denomination entered circulation, the Reichsbank was issuing notes faster than they could be numbered. The two-trillion-mark note was not an outlier — it was a routine instrument of daily commerce in the final weeks before the Rentenmark stabilization of November 15th ended the hyperinflationary spiral. Wages were paid twice daily so workers could spend before the afternoon exchange rate made the morning's earnings worthless.
The Reichsdruckerei was running multiple shifts and outsourcing overprint work to private printers across Germany just to keep pace with demand. P#135 belongs to that final, desperate acceleration of the presses.