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25 000 000 000 Mark Overprint on 1 000 000 Mark

Issuer Stendal, City of
Year
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Value 25 000 000 000 Mark (25 000 000 000)
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Reverse description Horizontal bands of lozenge-pattern guilloche in gold on a light brown underprint, enclosed within black letterpress borders. A printed vignette of the Uenglinger Tor, one of Stendal's historic medieval gate towers, occupies the central field.
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Protection description Octagonal tile pattern watermark (Keller #162)
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Comments

Stendal's 25-milliard Mark overprint belongs to the frantic final weeks of German hyperinflation in late 1923, when municipal authorities were empowered to issue notgeld simply to keep local commerce functioning. The underlying 1 000 000 Mark note was already obsolescent before the ink on this overprint dried — within days of such issues, denominations were being multiplied again by factors of ten or more.

The watermarked paper offers a minor forensic detail: it confirms the base stock predates the emergency overprinting, drawn from existing supply rather than purpose-printed for this denomination.

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