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5 000 000 000 000 Mark

Issuer City of Kiel (Notgeld)
Year 1923
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In circulation to 1923
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Obverse lettering NOTGELD DER STADT KIEL
Gegen Einlieferung dieses Scheines zahlt die Stadthauptkasse KIEL
FÜNF BILLIONEN MARK
KIEL, den 15. November 1923.
Oberbürgermeister. Bürgermeister. Stadtverordneten-Vorsteher. Stellv. Stadtv.-Vorsteher.
Dieser Schein verliert seine Gültigkeit innerhalb eines Monats nach Aufruf.
H. O. Persiehl, Hamburg.
Reverse description The reverse is unprinted, showing only a faint show-through of the obverse design visible through the thin paper stock.
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Comments

Kiel's five trillion mark note dates from the absolute peak of Weimar hyperinflation — by November 1923, the Reichsbank's own presses could not keep pace with demand, forcing municipalities across Germany to issue emergency Notgeld denominated in figures that would have been unimaginable eighteen months earlier. Kiel, as a major naval port and administrative center of Schleswig-Holstein, was among hundreds of cities legally authorized to supplement official currency during this period.

H. O. Persiehl was a Hamburg commercial printer regularly contracted for northern German Notgeld runs — workmanlike production, not a prestige job. At these denominations, notes were often spent within hours of issue before prices rose again.

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