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50 000 000 000 Mark Daimler-Motoren-Gesellschaft
| Issuer | Daimler-Motoren-Gesellschaft |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | The obverse bears the full text of the payment promise in German, stating that the cashiers of the Daimler-Motoren-Gesellschaft at Stuttgart-Untertürkheim and Sindelfingen will pay fifty billion Mark to the bearer against this voucher, with validity expiring on 22 December 1923. The text is set in a typographic layout typical of German inflation-era Notgeld, with the issuing company name and date of 2 November 1923 appearing below. The denomination figure '50 Milliarden' is integrated into the inscription. |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | Daimlerwagen, Daimlergeld, Wer sie hat, ist gut gestellt. 50 Milliarden |
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| Comments |
Daimler-Motoren-Gesellschaft — the automaker that would merge with Benz & Cie. in 1926 to form Mercedes-Benz — issued this emergency currency during the hyperinflation peak of late 1923, when the Reichsbank could not produce legal tender fast enough to keep pace with collapsing purchasing power. Large industrial employers throughout Germany were legally permitted to issue notgeld payable to their own workers as wages, essentially functioning as a private paymaster in the absence of usable state money.
Fifty billion marks. By November 1923, that sum would not have purchased a postage stamp.