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| 表面の説明 | ログイン して詳細を見る |
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| 表面の銘文 | 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: ) |
| 裏面の説明 | Printed in dark green and olive, the reverse carries the Württemberg state crest at upper center alongside the bank's own crest to its right, with the denomination rendered in large numerals across the central field. A serial number in red appears at upper left, and an anti-counterfeiting warning occupies the lower border. |
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| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
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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.