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| Issuer | Stadtgemeinde Rheinfelden (Baden) |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
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| Obverse description | Letterpress in violet on cream paper with a repeating XOXOXO guilloche underprint in grey. Central panel bears the issuer name 'Stadtgemeinde Rheinfelden / Baden', denomination figures '50.000.000.000 Mark' flanking a serial number in teal, and the large legend 'Fünfzig Milliarden Mark' below. A heraldic lion shield vignette anchors the lower centre, with historical town inscriptions and validity clause arranged in the surrounding border panels. |
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| Obverse lettering | Stadtgemeinde Rheinfelden / Baden 50.000.000.000 Mark Fünfzig Milliarden Mark Rheinfelden (Baden) 29. Oktober 1923 Der Gemeinderat: Gültig bis zum Aufruf. Hab mich lieb und behalte mich. Buchdruckerei P. Krauseneck, Rheinfelden (Baden) |
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| Comments |
Rheinfelden's fifty-billion Mark note belongs to the absolute peak of German hyperinflation — by November 1923, the Reichsmark had collapsed to roughly 4.2 trillion per US dollar, forcing hundreds of municipalities to print their own emergency currency just to meet payroll and basic commerce. Stadtgemeinde Rheinfelden was one of countless local authorities that turned to whatever printer was at hand; Krauseneck was a small regional press, and it shows.
The Rhine border with Switzerland made Rheinfelden unusual among Notgeld issuers — Swiss francs were readily available across the bridge, and many locals simply refused the local paper entirely.