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20 000 000 000 Mark Marbach am Neckar

Issuer Stadtkasse Marbach am Neckar
Year 1923
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Value 20 000 000 000 Marks (20 000 000 000)
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Obverse description The left portion of the note carries the denomination in bold Gothic and Latin typefaces, reading 'Zwanzig Milliarden Mark', beneath the place name 'Marbach a. N.' set in decorative Fraktur script at the top. Redemption text and the issue date 'Marbach, 1. Nov. 1923' are printed in the lower left, with two manuscript signatures above the serial number for the Stadtschultheiss and Stadtpfleger. To the right, a halftone portrait vignette of Friedrich Schiller occupies a rectangular panel, accompanied below by a Schiller quotation in italic script; a simple ruled border frames the entire note.
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Reverse lettering STADTGEMEINDE MARBACH A. N.
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One of thousands of Gemeinde-level emergency issues printed during the hyperinflationary spiral of late 1923, when the Reichsbank could not supply currency fast enough to meet daily transactional demand. By October of that year, a single US dollar was worth roughly 4.2 trillion Reichsmark — a figure that made even denominations in the billions feel inadequate within weeks of printing.

Marbach am Neckar, a small Württemberg town, authenticated its notes with an official municipal stamp rather than engraved security features — the only anti-counterfeiting measure most Kleinstadtkassen could manage under the circumstances. The irony being that nobody was counterfeiting hyperinflationary scrip; it depreciated faster than forgeries could be produced.

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