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| Issuer | City of Stuttgart (Württembergische Landeshauptstadt Stuttgart) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Plain cream-toned note of typographic design, with two large diamond-shaped underprint vignettes at left and right bearing the denomination numeral '5 MILLIARDEN' in bold capitals. The heading reads 'Württembergische Landeshauptstadt Stuttgart' in blackletter script, above the designation 'STADTKASSENSCHEIN' and the large Gothic-lettered denomination 'Fünf Milliarden Mark'. Below, a promissory text names the Stadtpflege as the paying authority, followed by the issue date 'Stuttgart, 25. Oktober 1923', the Stuttgart city coat of arms at centre, and two manuscript signatures under the titles 'Oberbürgermeister' and 'Stadtpfleger', with a red serial number at lower left and the anti-counterfeiting notice at lower right. |
|---|---|
| Obverse lettering | Württembergische Landeshauptstadt Stuttgart STADTKASSENSCHEIN Fünf Milliarden Mark zahlt die Stadtpflege in Stuttgart dem Einlieferer dieses Kassenscheins Stuttgart, 25. Oktober 1923 OBERBÜRGERMEISTER: STADTPFLEGER: NACHAHMUNG ODER FÄLSCHUNG STRAFBAR 5 MILLIARDEN |
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| Comments |
Stuttgart's municipal administration issued this 5-billion-Mark note during the terminal phase of the Weimar hyperinflation, when the Reichsbank's output was so overwhelmed that cities, counties, and private companies were legally permitted — indeed, expected — to print their own emergency currency. By late 1923, the denominations had outpaced any practical meaning; a loaf of bread cost hundreds of billions of marks, and notes of this face value were already obsolete within days of issue.
Municipal Notgeld at this scale was printed and spent almost simultaneously. Survivors exist largely because the November 1923 Rentenmark stabilization halted circulation abruptly, leaving unspent stocks intact.