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500 000 000 000 Mark Reichsbanknote, overprint on 5000 Mark

发行方 Reichsbank
年份 1923
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面值 500 000 000 000 Mark (500 000 000 000)
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印刷机构 登录 以查看详情
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正面描述 The obverse of this hyperinflation-era emergency note presents the original 5000 Mark Reichsbanknote format with a bold black overprint reading '500 Milliarden Mark,' applied to adjust the face value during the acute monetary crisis of November 1923. The design retains the underlying guilloche patterning and typographic elements of the base note, with the Reichsbank eagle vignette and formal Gothic script inscriptions typical of German imperial-era paper currency. The overprint dominates the face, rendering the original denomination secondary to the emergency valuation.
正面铭文 Reichsbanknote
500 Milliarden Mark
Die Reichsbank
Berlin
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By late 1923, Germany's hyperinflation had so thoroughly outpaced the Reichsbank's ability to commission and deliver freshly printed notes that the institution resorted to overprinting existing stock — in this case, the 5000 Mark series — with denominations eleven orders of magnitude higher. The 500 Milliarden (500,000,000,000) Mark value represented roughly the cost of a loaf of bread at the peak of the crisis, though that figure shifted day to day.

Over twelve million examples were printed, yet surviving specimens are far more common in collector hands than actual circulation would suggest — many were set aside as curiosities even at the time, already understood to be historically absurd.

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