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200 000 000 Mark Deutsche Reichsbahn

发行方 Deutsche Reichsbahn (German State Railway)
年份 1923
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材质 Paper
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印刷机构 登录 以查看详情
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背面描述 Unprinted plain reverse in cream-white paper, allowing the interlaced-squares watermark to show clearly; a circular official stamp and a manuscript signature appear in the lower portion, with a serial number to the lower right, consistent with emergency currency (Notgeld) administrative validation practice.
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防伪类型 Watermark
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备注

The Deutsche Reichsbahn began issuing its own emergency currency in 1923 because the Reichsbank simply could not print fast enough to meet payroll demands. Railway workers needed to be paid — daily, in some cases — and industrial employers across Germany were authorized to produce notgeld as a stopgap. The Reichsbahn's issues are among the more institutionally credible of the lot, backed by a state enterprise with real assets rather than a municipal treasurer scrambling for paper.

By the time 200-million-mark denominations were necessary, the inflation had already destroyed most intuitive sense of value. This note would have bought roughly a loaf of bread in mid-October 1923 — and nothing at all two weeks later.

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