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3 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahn-Direktion Dresden |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 3 000 000 Mark (3 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Reihe C Gutschein Drei Millionen Mark zahlen die Reichsbahnkassen im Bereiche der unterzeichneten Reichsbahn-Direktion Dresden gegen Rückgabe dieses Scheines Dresden, den 16. August 1923 REICHSBAHN DIREKTION der Präsident Eisenbahnhauptkasse |
| Reverse description | Log in to see details |
| Reverse lettering | 3 Millionen Mark |
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| Comments |
The German railway administrations became emergency money issuers in 1923 not by choice but by necessity — the Reichsbank simply could not print and distribute inflationary currency fast enough to meet payroll and operational demands. The Reichsbahn-Direktion Dresden, like its counterparts in other cities, issued its own notgeld denominated against the collateral of railway assets and the anticipated income of a functioning transit system.
Three million marks sounds extraordinary until you recall that by mid-1923 that sum would not reliably buy a newspaper. This denomination dates from a window of weeks, not months, before even it became operationally useless and higher figures took over.