1 000 000 Mark

Burg bei Magdeburg was a mid-sized industrial town, and like hundreds of German municipalities in 1923, its local government found itself forced into the currency printing business as Reichsbank notes became worthless faster than they could be shipped. This Magistrat-issued million-Mark note is a product of that local desperation — Notgeld at hyperinflationary denominations, authorized not by any central banking authority but by a town council trying to keep commerce functional for another few days.

Ernst Laute was a local Burg printer, not a security press. The practical consequences of that show up in known examples of this series — modest registration, no intaglio work, nothing to deter forgery in a world where forgery was barely worth the effort anyway.