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20 000 000 Mark

Issuer Amtshauptmannschaft Dresden-Neustadt, Bezirksverband
Year 1923
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Printer Johannes Pässler, Dresden-Neustadt, Germany
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Obverse description Printed in red letterpress on a pale cream ground with a light green guilloche underprint of interlocking floral and geometric rosettes, the note carries large open-face numeral '20' corner devices at upper left and lower right, while the central text field bears the denomination 'Zwanzig Millionen' in bold Gothic blackletter script above the formal promise-to-pay clause identifying the issuing authority, place, and date of issue (Dresden-Neustadt, 24. September 1923). The series designation 'REIHE D' and a green serial number appear at upper right, with two manuscript facsimile signatures at lower centre captioned 'Amtshauptmann' and 'für die Bezirksfinanzverwaltung' respectively. The authorization line 'Zugelassen vom Reichsfinanzministerium' and the printer's imprint 'JOHANNES PÄSSLER, DRESDEN-N.' complete the face.
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Reverse description Printed entirely in sage green on plain cream paper, the reverse centres on a large oval guilloche vignette of dense lace-like geometric and floral lathe-work enclosing the denomination numeral '20' above the inscription 'MILLIONEN MARK' in roman capitals. The surrounding field is left unprinted, giving full visual weight to the security vignette. A two-line anti-counterfeiting legal warning in small roman type runs along the lower margin.
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Dresden-Neustadt's Amtshauptmannschaft — a rural district administrative body, not a bank — was one of hundreds of German local authorities that stepped into the vacuum left by the Reichsbank's inability to supply adequate small-denomination paper during the hyperinflation peak of 1923. The Bezirksverband's decision to commission Johannes Pässler, a local Dresden-Neustadt printer, kept the entire production chain within the district, which was unusual even by Notgeld standards — most comparable issues were farmed out to Leipzig or Berlin trade printers with larger press capacity.

By the time 20,000,000 Mark notes were necessary for routine transactions, the denomination had lost all psychological weight. This note was effectively pocket change.

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