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1 000 000 Mark
| Issuer | Stadtrat Bad Tölz |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Notgeld der Stadt Bad Tölz Eine Million Mark 1,000,000 Mark Eine Million Mark Das Notgeld verliert seine Gültigkeit einen Monat nach Aufruf im Tölzer Kurier. Bad Tölz, 14. August 1923 Stadtrat Bad Tölz AET S. H. LI. |
| Reverse description | Log in to see details |
| Reverse lettering | Tölltz Tölltz um 1700 Eine Million Eine Million |
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| Comments |
Bad Tölz was one of hundreds of German municipalities that issued emergency currency — Notgeld — during the hyperinflation crisis of 1923, when the Reichsmark collapsed so rapidly that local authorities had to print their own denominations simply to make change. By the time million-mark notes were necessary for everyday transactions, the psychological and economic damage was already irreversible; the Rentenmark stabilization came in November 1923, rendering this and all comparable issues worthless within months of printing.
Municipal Notgeld at this denomination level was produced in enormous quantities and survives in abundance — the scarcity is not in the paper but in documented examples bearing specific date stamps or cashier signatures that confirm actual circulation rather than philatelic issue.