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5 000 000 000 Mark Pfullendorf
| Issuer | Stadtgemeinde Pfullendorf |
|---|---|
| Year | 1923 |
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| Size | 109 x 85 mm |
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|---|---|
| Obverse lettering | Die Stadtgemeinde Pfullendorf zahlt gegen diesen Gutschein - 5 Milliarden - in Reichsbanknoten. Pfullendorf, 27 Okt. 1923. Der Gemeinderat : Für die Kontrolle Stadtverrechnung : Anmerkung : Die Scheine werden nach Aufruf bei allen städtischen und spit. Kassen, sowie bei der Sparkasse Pfullendorf eingelöst. Der Aufruf zur Einlösung der Scheine erfolgt im Pfullendorfer Anzeiger und Volksblatt. (Translation: The municipal community of Pfullendorf pays against this voucher - 5 billion - in Reichsbank notes. Pfullendorf, 27 Oct. 1923. The municipal council: For the control city accounting: Note: The notes will be redeemed upon announcement at all municipal and special cash offices, as well as at the Pfullendorf savings bank. The announcement for the redemption of the notes is published in the Pfullendorfer Anzeiger and Volksblatt.) |
| Reverse description | The reverse carries a central letterpress-printed vignette within a plain ruled border, showing a local Germanic building with a conical tower, flanked by bare deciduous trees and a wooden fence in the foreground, rendered in a fine halftone print on plain cream paper. |
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| Comments |
Pfullendorf was a small town in Baden with no particular monetary infrastructure, yet like hundreds of German municipalities in late 1923, it was forced into the business of emergency currency as Reichsbank notes became worthless faster than they could be printed. This five-billion-mark piece belongs to the absolute peak of the hyperinflation — by November 1923, a single US dollar exchanged for roughly 4.2 trillion marks, rendering denominations like this one obsolete within days of issue.
Municipal notgeld at this scale was purely functional and often printed on whatever stock was available locally. Collectibility today rests almost entirely on survival rate, which for small-town issues from Baden tends to be low.