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| 正面铭文 | Notgeldschein der Stadtgemeinde Heilbronn a.N Zwanzig Millionen Mark zahlt die Stadtkasse Heilbronn dem Einlieferer gegen diesen Kassenschein. Heilbronn a.N.,15.Aug.1923 Oberbürgermeister: Stadtpfleger: (Translation: Emergency banknote from the Municipality of Heilbronn on the Neckar Twenty Million Mark The Heilbronn city treasury pays the consignor against this receipt. Heilbronn on the Neckar, August 15, 1923 Mayor: City Clerk:) |
| 背面描述 | Plain cream paper with a simple geometric border of repeating triangular units. The issuer legend 'Notgeldschein der Stadtgemeinde Heilbronn' is set in large arched sans-serif type at top, above the bold numeral denomination '20,000,000' with guilloche-filled digit interiors. The printer's imprint appears in small text at lower right. |
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Heilbronn's 20-million Mark note dates from the acute phase of the German hyperinflation — by August 1923, the Reichsbank could no longer supply enough currency to meet payroll demands, and municipalities across the country were authorized to issue their own emergency Notgeld to cover the shortfall. Carl Rembold A.-G. was a local commercial printer, not a security printer, and that distinction matters: the notes were produced quickly, with whatever materials were available, and quality control was not the priority.
The denomination itself tells the story. At the rate the mark was collapsing, 20 million would buy a loaf of bread for roughly a week before the figure became meaningless.