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| 正面铭文 | Umlauffähig im ganzen Regierungsbezirk Köln. Gültig bis zum 1. April 1924 Gutschein über Fünf Milliarden Sieg- 5 Kreis Sieg- 5 Kreis Dieser Gutschein wird von allen öffentlichen Kassen im Regierungsbezirk Köln in Zahlung genommen. Der Siegkreis haftet für die Ein- lösung. Siegburg, den 18. Oktober 1923. Der Landrat. i.V. Kreisdeputierter SIEG-KREIS (Translation: Valid throughout the Cologne administrative district. Valid until April 1, 1924 Voucher for Five Billion Sieg 5 District Sieg 5 District This voucher is accepted as payment by all public treasuries in the Cologne administrative district. The Sieg District guarantees its redemption. Siegburg, October 18, 1923. The District Administrator. on behalf of District Deputy Sieg District) |
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| 防伪描述 | Borromean rings watermark visible in the paper stock |
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Siegkreis — the administrative district centered on the Sieg River valley south of Cologne — was one of hundreds of German local authorities forced into emergency currency issuance during the hyperinflationary collapse of late 1923. By the time this note was authorized, the Reichsbank's own printing capacity had become a logistical absurdity: presses ran continuously, denomination ceilings were breached within days of printing, and regional bodies were legally permitted to issue their own notgeld to keep local commerce moving at all.
Rhenania-Druckerei in Bonn handled a considerable volume of Rhineland district notgeld during this period, which is why the print quality here is more consistent than the improvised stamp-on-cardboard issues coming out of smaller municipalities simultaneously. The five billion mark denomination places this firmly in the October–November 1923 window, when that figure represented roughly the cost of a loaf of bread.