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| 正面铭文 | Anleihe der Stadt Eschershausen Serie B. Zur Förderung des Wohnungsbaues aufgenommen mit ministerieller Genehmigung auf Grund der Beschlüsse der städtischen Körperschaften vom 19./20. VIII. 1923 5 Millionen Mk. schuldet die Stadt Eschershausen dem Inhaber dieser Schuldverschreibung, deren Rückzahlung 1 Monat nach Aufruf, spätestens am 1. IV. 24., bei der Stadtkasse erfolgt. ESCHERSHAUSEN am 23. August 1923 Der Rat der Stadt: C. BRUNS, ESCHERSHAUSEN (Translation: Bond of the City of Eschershausen Series B. Taken out to promote housing construction with ministerial approval based on the resolutions of the municipal bodies of August 19/20, 1923 5 Million Marks The City of Eschershausen owes the holder of this bond, whose repayment will take place 1 month after the call, at the latest on April 1, 1924, at the city treasury. Eschershausen on August 23, 1923 The City Council: C. Bruns, Eschershausen) |
| 背面描述 | Plain unprinted reverse showing bleed-through of the obverse letterpress text and guilloche underprint. The decorative scroll-and-triangle border frame is faintly visible as a mirror image. A handwritten notation '1289 BRU' appears at lower right in pencil, indicating a later collector or archive reference. |
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Eschershausen is a small town in the Brunswick region, and this note is one of the more locally produced pieces from the 1923 hyperinflation surge — printed not by one of the major commercial firms in Berlin or Leipzig but by C. Bruns, a local printer operating in the same town that issued the note. That kind of closed-loop production was unusual even during the Notgeld period, when municipal authorities were scrambling to fill the vacuum left by an insufficient supply of Reichsbank currency.
The five-million mark denomination places this firmly in the middle phase of the hyperinflationary collapse, before denominations climbed into the billions and trillions by late October 1923.