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500 000 000 000 Mark
| Issuer | Kreis Daun (District of Daun) |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 143 × 82 mm |
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| Obverse description | Typeset Kassenschein on a light teal guilloche underprint with wavy-line engine-turned borders. The denomination "Fünfhundert Milliarden Mark" is set in large bold letterpress type at centre, with the numeral "500 000 000 000" enclosed in a ruled cartouche flanked by small floral ornaments. Below, a three-line redemption text gives the issuing date "Daun, den 10. Oktober 1923" and bears a manuscript signature for the Kreisdeputierter; a red overprint stamp at left, applied vertically, extends validity throughout the Regierungsbezirk Trier until 1 April 1924. |
|---|---|
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| Reverse lettering | 500 000 000 000 Kassenschein des Kreises Daun 500 000 000 000 |
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| Comments |
Kreis Daun was a small rural district in the Eifel region of the Rhineland, and its decision to issue half-a-trillion Mark notes in 1923 reflects just how completely the German hyperinflation had outrun the capacity of the Reichsbank to supply usable currency. Local authorities, municipalities, and private firms across Germany printed their own emergency money — Notgeld — because without it, workers simply could not be paid in denominations that corresponded to actual prices.
Carl Schleicher & Schüll in Düren, a paper and printing firm with a long run of commercial work, handled numerous regional Notgeld commissions during this period. At this denomination, the notes were obsolete within days of issue.