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| 正面描述 | Uniface Notgeld printed in dark blue ink on cream-white paper, with an elaborate letterpress border of interlaced grapevines and bunches of grapes enclosing a plain rectangular text panel. The denomination "Zwanzig Milliarden Mark" is set in large Gothic blackletter type at the centre, above the issue date "Emmendingen, den 27. Oktober 1923" and the authorization line "Der Gemeinderat", with a handwritten green ink signature and a numeral serial number flanked by a small decorative printer's mark. A validity clause in small roman type appears at the top of the text panel, and the printer's imprint runs along the lower margin below the border. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Plain unprinted reverse on smooth white paper; the obverse impression shows through as a faint offset, confirming the uniface production of this Notgeld issue. |
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Emmendingen's local administration issued this 20-billion-Mark note at the absolute peak of the Weimar hyperinflation, when municipal and regional authorities across Germany were printing emergency currency — Notgeld — simply to meet payroll and keep commerce moving. The Reichsbank could not supply denominations fast enough; by late 1923 a single U.S. dollar was worth over four trillion Marks.
The printer, Druck- und Verlags-Gesellschaft vormals Dolter, was a local Emmendingen firm — this is genuinely locally produced paper in every sense, not a Leipzig or Berlin job shipped west. The watermarked paper at this denomination is the distinguishing feature of the 1348b variant.