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| 正面描述 | Letterpress-printed emergency note in red and black on plain paper, enclosed by an ornamental red border. Text body states the bearer obligation in German, with the denomination ZWANZIG MILLIARDEN MARK in bold display type. A serial number and two handwritten signatures appear in the lower field, with an embossed oval blind stamp at left. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Unprinted plain paper reverse. Faint bleed-through from the obverse ink and the impression of the embossed blind stamp are visible, but no printed design, text, or ornamental elements are present. |
| 背面铭文 | 登录 以查看详情 |
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| 防伪类型 | 登录 以查看详情 |
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Spinnerei St. Blasien A.-G. was a textile spinning mill in the Black Forest town of Sankt Blasien, and like hundreds of German industrial firms in late 1923, it issued its own emergency currency — Notgeld — simply to pay its workers when the Reichsbank could not supply physical notes fast enough to keep pace with hyperinflation. The 20 billion Mark denomination places this squarely in the final, most vertiginous weeks of the inflation, when that figure would have represented perhaps a day's wages at best.
Routed through the local St. Blasier Bank as the issuing intermediary, the note was printed by the town's own Buchdruckerei J. Weißenberger — a small commercial press, not a specialist security printer. The single security feature is a blind stamp, pressed without ink into the paper.