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| 正面描述 | Plain cream paper Notgeld printed in black Fraktur blackletter script. An ornate illuminated capital 'D' vignette appears at upper left, beside the serial number and the denomination 'Fünf Milliarden' in large display lettering. A circular municipal stamp of Pfullendorf is applied in violet at centre, flanked by two manuscript signatures. |
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| 背面描述 | 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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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.