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5 000 000 000 Mark Norddeutscher Lloyd
| Issuer | Norddeutscher Lloyd |
|---|---|
| Year | 1923 |
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| Size | 136 x 90 mm |
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| Obverse description | Plain typeset note on buff paper with a guilloche underprint forming an oval medallion at centre. Issuer name in bold letterpress across the top, denomination in large display type, series designation 'Reihe 1' at upper margin, and a manuscript signature with serial number at lower left. |
|---|---|
| Obverse lettering | Reihe 1 NORDDEUTSCHER LLOYD, BREMEN Gutschein über Fünf Milliarden Mark (5 000 000 000 Mark) Die Darmstädter und Nationalbank K.a.A., Bremen oder Bremerhaven, wird angewiesen, gegen diesen Schein im Wege der Bankverrechnung aus unserem Guthaben zu zahlen: 5 Milliarden Mark Alle Geschäfte, Kassen und Institute werden gebeten, diese Zahlungsanweisung an Zahlungsstatt anzunehmen. Bremen, den 25. Oktober 1923 Norddeutscher Lloyd Carl Schünemann, Bremen (Translation: Series 1 NORTH GERMAN LLOYD, BREMEN Voucher for Five Billion Marks (5,000,000,000 Marks) The Darmstadt and National Bank K.a.A., Bremen or Bremerhaven, is instructed to pay against this note by way of bank settlement from our credit: 5 billion Marks All businesses, cash offices, and institutions are requested to accept this payment order as payment. Bremen, October 25, 1923 North German Lloyd Carl Schünemann, Bremen) |
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| Comments |
Norddeutscher Lloyd — the Bremen shipping company — was among the many large German commercial enterprises authorized to issue notgeld during the hyperinflation of 1923, when the Reichsbank could not supply currency fast enough to keep pace with collapsing purchasing power. By the time denominations reached the billions, the notes were often worth less on the day of receipt than when they were printed. A five-billion-mark note from this period represents the autumn peak of that collapse, roughly October 1923, when the exchange rate against the dollar was deteriorating by the hour.
Carl Schünemann was a well-established Bremen printer, which made local procurement logical for a company whose administrative center was in the same city.