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20 000 000 000 Mark G. Gagstätter

Issuer G. Gagstätter, Säge- und Hobelwerk, Kyanisieranstalt, Senden (Bayern)
Year 1923
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Value 20 000 000 000 Mark (20 000 000 000)
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Obverse description Grey-blue notgeld Gutschein of typographic design, enclosed within a decorative guilloche border of scrollwork and foliate ornaments. The issuer's name 'G. GAGSTÄTTER' is printed in bold capitals at the top, followed by the subtitle 'Säge- und Hobelwerk, Kyanisieranstalt, Senden (Bayern)'; the denomination 'Zwanzig Milliarden Mark' is set in large display type at centre over a rosette guilloche underprint. The date 'Senden, 26. Oktober 1923' and a manuscript signature of G. Gagstätter appear at the lower portion, with a red serial number and series letter 'Lit. B' to the upper right; the printer's imprint 'DR. KARL HÖHN, ULM A. D.' is found at the foot outside the frame.
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.
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