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1 000 000 Mark
| Issuer | Stadtrat Memmingen (City Council of Memmingen) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein der Stadt Memmingen über Eine Million Mk. Gedeckt durch Holzvorräte und Reichs-Schatzanweisungen. Memmingen, 22. Aug. 1923 Stadtrat Memmingen: Bürgermeister Dieser Gutschein wird spätestens zum 1. April 1924 zur Einlösung aufgerufen |
| Reverse description | The reverse is printed in grey on plain paper, entirely covered by a repetitive letterpress underprint arranged in horizontal rows, alternating two legend lines separated by asterisks, with a border of asterisks enclosing the entire field. The printer's imprint appears in small type at the foot of the note below the lower border. |
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| Comments |
Memmingen's city council, like hundreds of German municipal authorities in the summer of 1923, was forced into the absurd position of printing its own emergency currency simply to meet weekly payrolls. The Reichsbank could not supply printed notes fast enough to keep pace with hyperinflation; local bodies filled the gap with Notgeld of increasingly astronomical denominations. A million marks was, by the time this note circulated, worth almost nothing — the rate against the dollar was collapsing by the hour.
The Druckereigenossenschaft was a local printing cooperative, not a specialist security printer, which shows in the production quality typical of this class of municipal issue.