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20 000 000 Mark Krystallglasfabrik

Issuer Krystallglasfabrik Frauenau (J. Gistl)
Year 1923
Type Local banknote
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Obverse description Printed in dark red on cream paper, the note is divided into a narrow left panel and a main text field enclosed within a dotted rectangular border. The left panel carries the large numeral '20' above the word 'MILLIONEN', alongside a circular underprint vignette of a fan-like ornamental motif. The main field bears the issuer's name, a bearer clause in German, the bold letterpress denomination 'ZWANZIG MILLIONEN MARK', the date 'Frauenau, 25. August 1923', and a manuscript signature below the issuer's repeated name.
Obverse lettering NR.
M. 20 000 000.—
Die Krystallglasfabrik Frauenau (J. Gistl)
in Frauenau zahlt dem Vorzeiger gegen diesen Gutschein
ZWANZIG MILLIONEN MARK
Frauenau, 25. August 1923.
Krystallglasfabrik Frauenau
20
MILLIONEN
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Comments

Frauenau's glassworks scrip is among the more obscure corners of the German hyperinflation emergency money wave. The Krystallglasfabrik, a Bavarian glass manufacturer operating in the Bavarian Forest, issued this 20,000,000 Mark note as factory-specific notgeld — wages paid in company scrip when the Reichsbank simply could not supply enough physical currency to meet payroll. By mid-1923, that was the reality for hundreds of industrial employers across Germany.

J. Gistl's operation was small enough that these circulated almost entirely within the immediate local economy — workers spending them at nearby merchants who had little choice but to accept them. Redemption records, if they survived at all, are not publicly documented.

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