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5 000 000 000 Mark

Issuer Stadtverwaltung Stuttgart (City Administration of Stuttgart)
Year 1923
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Value 5 000 000 000 Mark (5 000 000 000)
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Obverse description Black letterpress on cream paper with a bold typographic layout framed by a fine ornamental border with foliate corner elements and a dense hatched outer band bearing large denominational numerals "5" at each corner. The issuer's name arches across the upper field in a banner, below which the designation "STADT-KASSENSCHEIN" and the value "5 MILLIARDEN MARK" appear in progressively larger display type. To the lower right, an embossed circular seal of the Stadtgemeinde Stuttgart bears the rearing horse (Württemberg arms), while a red serial number is printed to its left; two manuscript signatures appear at the foot under the titles "OBERBÜRGERMEISTER" and "STADTPFLEGER", flanking the place and date "STUTTGART, 20. OKTOBER 1923".
Obverse lettering NACHAHMUNG ODER FÄLSCHUNG STRAFBAR
STADTVERWALTUNG STUTTGART
STADT-KASSENSCHEIN
FÜR
5 MILLIARDEN
MARK
OBERBÜRGERMEISTER
STADTPFLEGER
STUTTGART
20. OKTOBER 1923
FÜNF MILLIARDEN MARK
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Comments

Stuttgart's city administration, like dozens of German municipalities in late 1923, was forced into issuing its own emergency currency — Notgeld — because Reichsbank notes were being printed faster than the central authority could distribute them. By the time a five-billion-mark denomination was necessary, the inflation had already consumed the conceptual boundaries of money itself; workers were being paid twice daily so wages could be spent before the afternoon exchange rate wiped out their value.

Municipal issues from this period were typically redeemed within weeks and pulped, which is why surviving examples often come from unissued remainders rather than genuine circulation.

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