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| 表面の説明 | Brown letterpress Notgeld on cream paper, with an ornate guilloche border enclosing four circular corner medallions each inscribed 'STADT BÜNDE i. WESTF.' The denomination '5,000,000' appears in the top and bottom margins, while the central field carries a faint underprint vignette of two historical figures flanking a coat of arms. The issuer title in Gothic blackletter script reads 'Gutschein der Stadt Bünde i. Westf.' above the large numeral '5,000,000' flanked by 'Mark' on either side, with 'Fünf Millionen' below; at the foot appear the redemption clause, date 'Bünde, den 28. August 1923', serial prefix 'E', and multiple manuscript signatures over the legend 'Der Magistrat'. |
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| 表面の銘文 | Gutschein der Stadt Bünde i. Westf. Mark 5,000,000 Mark Fünf Millionen Die Stadtkasse löst diesen Gutschein bis 1. Dezember 1923 ein Der Magistrat Bünde, den 28. August 1923 |
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Bünde is a small linen-weaving town in the Ravensberger Land, and its municipal administration — like hundreds of German municipalities in 1923 — was forced into the position of emergency currency issuer simply to meet weekly payrolls. The Reichsbank could not physically print or distribute notes fast enough to keep pace with hyperinflation accelerating through the summer and autumn of that year. Local authorities printed their own Notgeld at whatever press was available.
W. Cordes was a local lithographic firm, not a specialist banknote printer. At the 5,000,000 Mark face value, this note was already obsolescent within days of issue — by November 1923 the denomination would have bought almost nothing.