1 000 000 Mark

Füssen's million-mark note dates from the hyperinflation peak of summer–autumn 1923, when German municipal authorities were legally permitted to issue emergency currency — Notgeld — to compensate for the Reich's inability to supply adequate denominations fast enough for daily commerce. By August 1923, a million marks would buy roughly a loaf of bread, and even that figure was changing by the hour.

B. Holdenrieds Buchdruckerei was a local Füssen press, and the watermarked paper suggests an attempt at rudimentary security on a note whose face value was already obsolete before the ink dried.