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500 000 000 000 Mark
| Issuer | Stadt Giengen an der Brenz (City of Giengen a. Brenz) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Stadt Giengen a. Brenz Fünfhundert Milliarden Mark zahlt die Stadtkasse Giengen a. Brenz dem Einlieferer dieses Scheins. Gültig bis 31. März 1924. Verlängerung oder früherer Aufruf zur Einlösung vorbehalten. Giengen a. Brenz, den 25. Oktober 1923 Stadtschultheiss: Stadtpfleger: (Translation: City of Giengen a. Brenz Five hundred billion marks the city treasury of Giengen a. Brenz pays to the bearer of this note. Valid until March 31, 1924. Extension or earlier call for redemption reserved. Giengen a. Brenz, October 25, 1923 Mayor: City Treasurer:) |
| Reverse description | Plain buff paper reverse with a simple rectangular border frame in purple-violet. The denomination is set in large bold Roman type at centre, with the issuer name in smaller type above and an anti-counterfeiting legend below; no vignette or ornamental elements are present. |
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| Comments |
Giengen an der Brenz is a small town in Württemberg — today known primarily as the birthplace of the Steiff teddy bear. In late 1923, as German hyperinflation peaked, even minor municipalities were authorized to issue their own emergency currency, or Notgeld, simply to provide enough circulating medium for daily commerce. The Reichsbank could not print fast enough, and local printers like G. Schmid stepped in to fill the gap.
By November 1923, when the Rentenmark stabilization came into force, 500 billion Marks was worth approximately half a US dollar.