20 000 Mark Georg Rupflin

Georg Rupflin K.-G. was a trading company in Dietfurt an der Altmühl, a small market town on the Altmühl River in Bavaria. Like thousands of German commercial firms and municipalities in 1923, it issued its own emergency currency — Notgeld — as the Reichsmark collapsed under hyperinflation so severe that 20,000 Mark was a transactional denomination, not a large one. By November of that year, the exchange rate had reached 4.2 trillion marks to the dollar.

Private commercial Notgeld from small Bavarian firms is among the least systematically cataloged of all German inflation-era issues, and Rupflin examples surface rarely enough that print run figures remain unknown.