Simple Auction Proof-of-Story 3 Billion Marks Notgeld Daimler
Let me present Daimler Motoren Gesellschaft Notgeld which literally means "Emergency Money". There is a piece in the book "When Money Dies" by Adam Fergusson which explains the reason for Notgeld or Geldscheine existence:
Because the Reichsbank's printing presses and note-distribution arrangements were insufficient for the situation, a law was passed permitting, under licence and against the deposit of appropriate assets, the issue of emergency money tokens, or Notgeld, by state and local authorities and by industrial concerns when and where the Reichsbank could not satisfy employers' needs for wage-payment. The law's purpose was principally to regularise and regulate a practice which had gone on extensively for some years already, with the difference that authorised Notgeld would now have the Reichsbank's guarantee behind it. Before long, as that guarantee became increasingly less esteemed, the tide of emergency money that now entered local circulation, with or without the Bank's approval, contrived enormously to raise the level of the sea of paper by which the country was engulfed. As the ability to print money privately in a time of accelerating inflation made possible private profits only limited by people's willingness to accept it, the process merely banked up the inflationary fire to ensure a still bigger blaze later on.
Notgeld gave German Weimar Republic hyperinflation such a distinctive feature because they were very different. This item Daimler Motoren Gesellschaft Notgeld is from later stages of hyperinflation and it was produced by famous business. Back in 1920s many businesses and municipalities as well practised issuing their own money mostly as a measure to ease inconveniences of direct barter.
In October 1923 it was noted in the British Embassy in Berlin that the number of marks to the pound equalled the number of yards to the sun. (Adam Fergusson)
Let's try to find out something about possible purchasing power of 3 Billion (!) marks. This bill could be used for a salary payment. Most likely Daimler corporation tried to export as much cars as possible while less and less people inside Germany could afford having a car. It is interesting that we can find a piece in Fergusson's book probably about Berlin Motor Show 1923:
Euler still shows his fantastic car shaped like a drop of water [the Tropfenauto], blunt end at the front [reported the British Commercial Attache sourly], Maybach again his gearless chassis, Benz and Mercedes their usual types, and the only other make worth mentioning is the Audi, which has possibly improved. All the bodywork is inferior, the colour schemes are painful, andthe shapes are monstrous where not stereotyped. The fittings are shoddy and in bad taste. There is no intelligible basis for prices.
The mentioned Audi car may be Audi Type M. Its price from wikipedia 22300 probably refers to gold marks. Let's look at the famous papermarks price chart.
This is just a matter of fact that by using this chart it is fairly hard to calculate car price nominated in papermarks. We can better approximate that using a table calculated by Bresciani-Turroni & Costantino.
By all measures 3 billion marks in the end of October 1923 shouldn't be enough for buying a car. The price of the Type M would be 7.871 trillion papermarks or thousand times higher i.e. in quadrillion scale. It means that the purchasing power of the Daimler Notgeld might be not enough to change tires. Who knows about changing oil.
Wikipedia says that since 1923 the chief designer of Daimler corporation became Ferdinand Porsche and the company changed its model line.
Auction
https://simple-auction.etleneum.com/#auction-287u92nl0