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| 正面描述 | Typeset Notgeld (emergency currency) voucher printed in green on plain white paper, enclosed within a dotted rectangular border. The heading reads 'Gutschein' with the denomination '20 000 000 Mk.' in the upper right, and the value in large Gothic blackletter script 'Zwanzig Millionen Mark' across the centre. A six-digit serial number appears in the upper left, and the text body contains validity and liability clauses in smaller letterpress type, dated 'Laufen (Obb.), 17. September 1923', with two manuscript signatures below the designations 'Stadtrat' and 'Stadtkassa', and a circular municipal seal of the City of Laufen applied in blue ink at centre. |
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| 防伪描述 | Circular blue ink municipal seal of the City of Laufen applied by hand to the obverse, centred over the signature area. |
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A municipal emergency note from the peak of the German hyperinflation, when local authorities across Bavaria were printing their own currency to meet payroll and keep commerce moving after the Reichsbank could no longer supply adequate denominations fast enough. By August–November 1923, denominations in the millions and billions were routine, not extraordinary — the 20 million mark figure here represents roughly one week's purchasing power during the stabilization run-up, before the Rentenmark reset the entire system in November.
J. E. Ried was a local printing house, not a specialist security printer. The official seal substitutes for the technical safeguards that a proper banknote would carry.