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20 000 000 000 Mark
| Issuer | Stadt Rastatt (City of Rastatt) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse shows the show-through of the obverse printing on the plain paper stock, with no additional design, text, or security features applied. The blue guilloche underprint and letterpress elements are visible in mirror image through the thin paper. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | No security features |
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| Comments |
Rastatt's 20 billion Mark note dates from the absolute peak of Weimar hyperinflation — by late 1923, municipal authorities across Germany were issuing their own emergency currency (Notgeld) simply because the Reichsbank could not print or distribute denominations fast enough to keep pace with daily price movements. Stadt Rastatt was one of hundreds of small cities legally empowered to do so under emergency provisions, and the denominations escalated with brutal speed over just a few weeks.
The watermarked paper is notable — at these quantities and this pace of production, many municipal issuers abandoned security features entirely. That Rastatt retained it suggests either advance-ordered stock or a printer with remaining inventory.