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| 表面の説明 | Green letterpress note with a decorative guilloche border framing a central vignette of the Bergedorf townscape, dominated by a tall church steeple and rows of period buildings. The denomination numerals '50' appear in the upper corners, with the title 'Gutschein der Stadt Bergedorf' in Gothic script above the large blackletter value text 'Fünfzig Milliarden Mark' superimposed over the vignette. Two manuscript signatures of the Magistrat appear at the lower centre, flanking the issuance text giving the date 9 Oktober 1923, with the printer's imprint 'B.S.V. Bergedorf' at the very foot. |
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| 表面の銘文 | Gutschein der Stadt Bergedorf. Fünfzig Milliarden Mark Die Einlösung erfolgt durch die Stadtkasse gegen andere Zahlungsmittel. Der Gutschein kann vom Magistrat vom 1. Dezember 1923 ab aufgerufen werden. Bergedorf, den 9. Oktober 1923. Der Magistrat. B. S. V. Bergedorf |
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Bergedorf was an independent town northeast of Hamburg when it issued this note — it was only formally incorporated into Hamburg in 1927, four years after the hyperinflation peak. The Magistrat issued its own emergency currency under the Notgeld provisions because the Reichsbank simply could not supply enough physical notes to keep pace with collapsing purchasing power. By late 1923, fifty billion marks bought roughly what one mark had bought in 1914.
B.S.V. Bergedorf was a local printer, not a specialist securities house, and that shows in surviving examples — ink registration varies noticeably across the run.