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200 000 000 000 Mark

Issuer Freie und Hansestadt Hamburg (Free and Hanseatic City of Hamburg)
Year 1923
Type Local banknote
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Obverse lettering F 155558 ✻ Aushilfsschein der Freien und Hansestadt Hamburg Zweihundert Milliarden Mark Dieser Aushilfsschein wird von allen hamburgischen staatlichen Kassen und den Banken in Hamburg in Zahlung genommen. Hamburg, den 5. November 1923. Die Finanzdeputation: Die Hauptstaatskasse: Broschek & Co., Hamburg 200 Milliarden
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Protection description Lilienmuster (repeating lily/fleur-de-lis pattern) watermark distributed across the paper stock.
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Comments

Hamburg was among the German municipalities forced to issue its own emergency currency (Notgeld) during the hyperinflation of 1923, when Reichsbank notes could not be printed fast enough to keep pace with collapsing purchasing power. By the time denominations reached the hundreds of billions of marks, the notes were functionally obsolete within days of issue — workers were sometimes paid twice daily so wages could be spent before the next price adjustment.

Broschek & Co. was primarily a Hamburg newspaper and commercial printer, not a banknote specialist. The watermarked paper was the one concession to security on a note whose face value would have bought a loaf of bread for perhaps an afternoon.

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