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| 正面描述 | The obverse is printed in green and brown tones on a fine guilloche underprint, enclosed within a decorative dark green floral border with the vertical legend "Eine Million Mark" running along both lateral margins. The central field carries the title "Gutschein des Amtes Königssteele" at the top, beneath which the denomination "Eine Million Mark" is set in large bold letterpress, with an additional underprint inscription "MARK" visible in the background. Three manuscript signatures appear in the lower portion above their respective role designations (Amtmann, Beigeordneter, Gemeindevorsteher i.V.), with the date "KÖNIGSSTEELE, den 12. August 1923" and a validity clause printed below. |
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| 正面铭文 | Gutschein des Amtes Königssteele Bei Vorzeigung zahlt die Amtssparkasse oder die Amtskasse Königssteele gegen diesen Gutschein Eine Million Mark in Kassenscheinen KÖNIGSSTEELE, den 12. August 1923 Amtmann Beigeordneter Gemeindevorsteher i.V. Dieser Gutschein verliert seine Gültigkeit innerhalb eines Monats nach erfolgter Aufforderung zur Einlösung 1000000 |
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Königssteele was a small industrial municipality in the Ruhr, absorbed into the city of Essen in 1929. Like hundreds of German communes in 1923, it issued its own notgeld not out of monetary ambition but sheer necessity — the Reichsbank could not print fast enough to keep pace with hyperinflation that was doubling prices every few days by mid-year. Municipal and corporate issuers filled the gap, often with whatever printing resources were locally available.
At one million marks, this note was already obsolete within weeks of issue. By November 1923 the exchange rate hit 4.2 trillion marks to the dollar.