Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
20 000 000 000 Mark G. Gagstätter
| Issuer | G. Gagstätter, Säge- und Hobelwerk, Kyanisieranstalt, Senden (Bayern) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | 30 November 1923 |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | G. GAGSTÄTTER Säge- und Hobelwerk, Kyanisieranstalt Senden (Bayern) Mark 20 Milliarden. nimmt für Lit. B Zwanzig Milliarden Mark diesen Gutschein in Zahlung bis 30. November 1923. Fristverlängerung vorbehalten. SENDEN, 26. Oktober 1923. DR. KARL HÖHN, ULM A. D. |
| Reverse description | The reverse is unprinted and presents as plain cream paper, showing only a full bleed show-through of the obverse text and guilloche underprint visible in mirror image through the thin paper stock, with no additional design elements, inscriptions, or vignettes. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Senden is a small town on the Iller river in Bavaria, and G. Gagstätter's sawmill and planing works had no business issuing currency — except that in the autumn of 1923, virtually every German employer of any size did exactly that. This is Notgeld at its most industrial and mundane: a private firm printing payroll scrip because Reichsbank notes were arriving too slowly and depreciating too fast to cover wages by the time workers walked home.
The twenty-billion-mark denomination locates this note precisely within the hyperinflationary peak of October–November 1923. Dr. Karl Höhn in Ulm was a local job printer pressed into service by dozens of regional issuers simultaneously.