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| Issuer | J. Bautz A.G. Erntemaschinen-Werk, Saulgau |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | A yellow-gold guilloche underprint fills the field beneath a large Fraktur denomination inscription reading 'fünf Millionen Mark', with the term 'Gutschein' and the numeral 'Mark: 5,000000.' printed in the upper register alongside a red series letter and serial number. At the top centre, a monogrammed vignette combines the interlaced initials 'JB' surmounted by a wheat sheaf, enclosed within an elaborate geometric border of concentric dot-and-diamond patterns. The lower portion carries the issuer's name and location in bold Fraktur script, the place and date of issue, and two manuscript facsimile signatures preceded by the procuration abbreviation 'ppa.' |
|---|---|
| Obverse lettering | Gutschein über fünf Millionen Mark Dieser Gutschein wird bis 1. November 1923 gegen Verrechnung sofort, gegen bar nach Behebung der Bargeldknappheit von der J. Bautz A.-G., Erntemaschinen-Werk Saulgau, sowie von der Gewerbebank Saulgau in Zahlung genommen. Fristverlängerung vorbehalten. J. Bautz A. G. Erntemaschinen-Werk, Saulgau/Württ. Saulgau, den 1. September 1923 |
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| Comments |
J. Bautz A.G. was an agricultural machinery manufacturer based in Saulgau — a company with no business issuing currency, but in the autumn of 1923, during the peak of German hyperinflation, that distinction had largely ceased to matter. Municipal authorities, private firms, and cooperatives across Württemberg were printing their own emergency money simply to meet payroll, because the Reichsbank's supply of freshly printed notes could not keep pace with the denominations required week to week.
Gebr. Edel was a local print shop. Five million marks, the face value here, had been roughly equivalent to the entire German war reparations bill just a few years earlier.