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| 表面の説明 | Left panel carries an elaborate heraldic vignette engraved by V. Mezger, showing the coat of arms of Überlingen surmounted by a crested helm and supported by ornate scrollwork, printed in black on cream stock. The right panel bears the issuer title and denomination in green Fraktur blackletter against a fine geometric guilloche underprint. A serial number, two manuscript signatures in green ink, and a circular Bürgermeisteramt dry-stamp appear in the lower right. |
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| 表面の銘文 | Notgeld der Stadt Überlingen 20 Milliarden Überlingen, den 30. Oktober 1923. Der Gemeinderat: (Translation: Emergency money of the city of Überlingen 20 billion Überlingen, October 30, 1923. The municipal council:) |
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Überlingen's Gemeinderat authorized this 20-billion Mark note in the autumn of 1923, when Germany's hyperinflation had accelerated so far beyond any practical reckoning that municipal governments across Baden and the rest of the Reich were printing their own emergency Notgeld simply to meet payroll. The denomination itself is the story — twenty thousand million Mark, a figure that would have been economically incomprehensible just two years earlier.
W. Veit's local print shop handled production entirely in-house, which kept turnaround fast but quality modest. Designer V. Mezger is otherwise unknown outside this issue.