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500 000 000 Mark Reichsbahndirektion
| Issuer | Deutsche Reichsbahn, Direktionsbezirk Erfurt (Reichsbahndirektion Erfurt) |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 141 × 80 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Deutsche Reichsbahn — Direktionsbezirk Erfurt 500 MILLIONEN MARK RBD ERFURT Gutschein über Fünfhundert Millionen Mark Dieser Gutschein wird von den Eisenbahnkassen in Zahlung genommen oder gegen andere Zahlungsmittel umgetauscht. Vom 1. November 1923 ab kann dieser Gutschein zur Einlösung aufgerufen werden. Erfurt, den 22. September 1923 Reichsbahndirektion R. Stenger, Erfurt. |
| Reverse description | The reverse is unprinted, presenting a plain cream-to-buff paper surface with no design, text, or ornamentation of any kind. |
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| Comments |
This is Eisenbahngeld — railway emergency money — issued by the Erfurt directorate of the Deutsche Reichsbahn during the hyperinflationary collapse of 1923, when the central government could no longer supply enough currency for basic wage payments. Regional railway administrations across Germany became de facto issuers of their own notgeld, each printing whatever denominations the pace of inflation demanded. By the time a 500-million Mark note was necessary for payroll, the denomination itself was obsolete within weeks.
R. Stenger was a local Erfurt printer, not a security printing house. The notes show it.