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| 正面描述 | Plain cream paper note framed by a typeset decorative border of repeating geometric and arrow motifs. The denomination "5 Milliarden" is set in bold type at upper left and upper right, flanked by a handwritten serial number at centre top. The body of the note carries the payment text in letterpress, with the value restated in large italic script at centre. At lower left, an oval official ink stamp of the Schultheissenamt Ochsenhausen bears a vignette of the monastery church; two manuscript signatures appear below, attributed to the Schultheiß and Gemeindepfleger respectively. |
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| 正面铭文 | 5 Milliarden Die Gemeinde Ochsenhausen zahlt dem Einlieferer dieses Scheines fünf Milliarden Mark Einlösungsfrist: 20. November 1923. Ochsenhausen, 27. Oktober 1923. Schultheiß: Gemeindepfleger: (Translation: 5 billion The municipality of Ochsenhausen pays the person who delivers this note five billion marks Redemption deadline: 20 November 1923 Ochsenhausen, 27 October 1923 Mayor: Community treasurer:) |
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Ochsenhausen's five-billion-mark note is a product of the hyperinflation peak of late 1923, when German municipalities were forced to print their own emergency currency — Notgeld — simply to meet payroll and conduct daily commerce. By the time denominations reached the billion and trillion range, the Reichsbank's own supply of printed currency was perpetually weeks behind the collapsing exchange rate.
Locally printed Notgeld at this scale was often produced on whatever press was available in town, which is why paper quality and registration on these late-inflation issues varies so dramatically even within the same series.