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5 000 000 000 Mark
| Issuer | Stadt Donaueschingen (City of Donaueschingen) |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Notgeld der Stadt Donaueschingen 5 Fünf Milliarden Mark Dieser Schein wird bis 1. Dez. 1923 von der Stadtkasse Donaueschingen eingelöst Donaueschingen, 26. Oktober 1923 Gültig als Zahlungsmittel bis 1. Dezember 1923. Der Gemeinderat Nachahmung oder Verfälschung wird strafrechtlich verfolgt (Translation: Emergency Money of the City of Donaueschingen / 5 Five Billion Mark / This note will be redeemed by the City Treasury of Donaueschingen until 1 December 1923 / Donaueschingen, 26 October 1923 / Valid as means of payment until 1 December 1923. / The Municipal Council / Imitation or falsification will be prosecuted under criminal law) |
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| Reverse lettering | Druck- und Verlagsgesellschaft m. b. H., Donaueschingen. (Translation: Printing and Publishing Company Donaueschingen) |
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| Comments |
Donaueschingen issued this note during the autumn 1923 phase of German hyperinflation, when municipal and regional authorities across Germany were legally permitted to print their own emergency currency — Notgeld — to cover payroll and local commerce as the Reichsbank's own supply couldn't keep pace with demand. By the time denominations reached the billions, the inflation was so severe that a note issued on a Monday could be nearly worthless by Friday.
The Druck- und Verlagsgesellschaft was a local printing and publishing firm, not a specialist security printer, which is typical of late-stage Notgeld production — by late 1923, specialist capacity was overwhelmed and municipalities printed wherever they could.