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1 000 000 Mark

Issuer Stadt Meerane (City of Meerane)
Year 1923
Type Local banknote
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Obverse description Printed in violet on cream paper, the obverse is framed within an ornate scrollwork border and headed by the Gothic-script legend "Notgeldschein der Stadt Meerane"; the denomination "Eine Million Mark" is set in large blackletter type at centre over a lightly printed underprint of the Meerane civic arms — a shield charged with a tower and gate. Validity text in the lower left field states the note is redeemable within the city for two months from the issue date of 8 August 1923, with two manuscript signatures of municipal officials accompanied by their printed titles at lower right. An anti-counterfeiting warning appears along the lower margin.
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Reverse lettering 1000000
Eine Million Mark
2. Serie
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Comments

Meerane was a mid-sized textile town in Saxony, and like hundreds of German municipalities in 1923, it issued its own emergency currency — Notgeld — as the Reichsbank's hyperinflationary spiral made official denominations functionally useless within days of printing. The one million mark figure, staggering in any earlier frame of reference, was routine by mid-1923; by November the Reichsmark had been revalued at 1 trillion old marks to one new unit.

Municipal Notgeld of this type was printed locally and redeemable only within the issuing district, which kept circulation tightly contained. Most town councils never intended these notes to survive long — they were stopgap instruments, not monetary policy.

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