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20 000 Mark Württembergische Notenbank
| Issuer | Württembergische Notenbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Württembergische Banknote zahlbar mit Zwanzigtausend Mark Stuttgart, den 15. Juni 1923 Württembergische Notenbank für den Aufsichtsrat: Der Vorstand: (Translation: Banknote of Württemberg payable with Twenty Thousand Marks Stuttgart, the 15th of June 1923 Württemberg Central Bank (authorized signature) of the Supervisory Board: The Board of Directors: ) |
| Reverse description | Log in to see details |
| Reverse lettering | Württembergische Notenbank 20 000 Mark (text in the note's lower border) Wer Banknote nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in den verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. (Translation: Württemberg Central Bank Whosoever copies or falsifies banknotes or acquires and puts copied or falsified (banknotes) into circulation will be punished with no less than two years of prison time.) |
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| Comments |
The Württembergische Notenbank was one of four private German state banks still legally permitted to issue notes during the Weimar inflation emergency — the others being the Bayerische Notenbank, the Sächsische Bank, and the Badische Bank. This authorization derived from pre-Reich banking privileges that the 1875 Bank Act had grandfathered rather than abolished. By the time this 20,000 Mark denomination was prepared in early 1923, the figure already represented a fraction of a pre-war Pfennig in real purchasing power.
The print run of over twelve million puts this squarely in the mass-production phase of the inflation, when speed of issue outpaced any serious consideration of security. The watermark is present but essentially decorative at this stage — counterfeiting paper money was economically pointless when the Reichsdruckerei itself could barely keep pace with depreciation.