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200 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahndirektion Altona |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 200 000 000 Mark (200 000 000) |
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| Composition | Log in to see details |
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| Obverse description | Printed on firm, slightly textured white paper, the entire face is executed in magenta letterpress with no pictorial vignette or guilloche underprint. The text is arranged in a centered block layout carrying the issuer's name, denomination in words (ZWEIHUNDERT MILLIONEN), acceptance conditions, place, and date of issue. A six-digit serial number is applied in red ink, prefixed by a letter. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is uniface, left entirely blank, with no printed text, vignette, or decorative element. The watermarked paper (Wellenbündel) is visible through the sheet, and show-through of the obverse letterpress impression is apparent on the aged, toned paper. |
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| Comments |
The Reichsbahndirektion Altona was one of many regional railway directorates empowered to issue emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsmark's collapse made it impossible for large employers to pay wages in legal tender. Railway directorates were pragmatic issuers: they needed to meet payroll, and they had the administrative machinery to back scrip with actual goods and services within their network.
By the time this 200-million-Mark note was printed, that denomination was already losing ground to inflation within weeks of issue. The Altona directorate covered the Hamburg region and the Schleswig-Holstein rail network — a significant freight and passenger hub whose operational continuity the Reich considered non-negotiable.