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2 000 000 000 Mark

Issuer Stadt Dresden (City of Dresden)
Year 1923
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Size 122 × 74 mm
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Obverse description Olive-green tinted Notgeld voucher printed in letterpress on plain paper, with a fine guilloche border running along all four edges and a decorative ornamental vignette panel at the right margin bearing the vertical inscription '2 Milliarden' in gothic script. The face carries the series designation 'Reihe A' and a serial number in red at upper left and upper right respectively, with the large-format denomination 'Zwei Milliarden Mark' in bold black gothic type dominating the centre. Below, the issuing authority is identified in two columns as 'Der Rat zu Dresden' and 'Die Stadthaupt­kasse,' each with the title of the signatory and a manuscript signature, followed by a small-print legal warning clause and the printer's imprint at the foot.
Obverse lettering Reihe A
Gutschein
Gültig im Bezirk der Stadt Dresden
Zwei Milliarden Mark
zahlen die Kassen der Stadt gegen Rückgabe dieses Gutscheines
Dresden, den 15. Oktober 1923
Der Rat zu Dresden
Oberbürgermeister:
Die Stadthaupt­kasse
Hauptkassendirektor:
Wer Gutscheine nachmacht oder verfälscht, oder nachgemachts oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter 2 Jahren bestraft. Die Gültigkeit dieses Scheines erlischt mit Ablauf der Frist, die bei Einziehung des Gutscheines für deren Einlösung öffentlich bekannt gemacht wird.
KUNSTANSTALT STENGEL & CO G.m.b.H. DRESDEN
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Comments

Dresden's municipal administration, like hundreds of German cities, was forced into issuing its own emergency currency — Notgeld — as the Reichsbank's printing output failed to keep pace with hyperinflation accelerating beyond all practical management. By late 1923, denominations in the billions had become necessary for basic transactions; a two-billion-mark note was not a curiosity but a functional instrument, briefly.

Stengel & Co. was primarily a fine-art publishing house known for photographic postcards and reproductions — an unusual press to be running emergency currency, but Dresden's municipal authorities worked with what was locally available. The note's production quality reflects that commercial-art background rather than a security-printing heritage.

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