1 000 000 Mark

Leutkirch was a small administrative town in Württemberg, and like hundreds of German municipalities in 1923, it was forced into emergency currency issuance simply to meet payroll. The Reichsbank could not print and distribute legal tender fast enough to keep pace with hyperinflation, so the burden fell to local treasuries — Stadtkassen — who printed their own Notgeld in whatever denominations the week demanded. One million marks, an unthinkable figure in 1921, had become a routine wage-related denomination by mid-1923.

Local printing is confirmed by the issuer's own facilities in Württemberg, which typically produced utilitarian output with minimal engraving sophistication.