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1 000 000 Mark
| Issuer | Stadt Magdeburg (City of Magdeburg) |
|---|---|
| Year | 1923 |
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| Size | 155 × 95 mm |
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| Obverse description | Text-only emergency currency issued by the Magistrat of the City of Magdeburg, dated 9 August 1923. The central text reads 'Gut für Mark 1.000.000' with the spelled-out amount 'Eine Million Mark' below, within a plain typeset layout. A notice restricts validity to circulation within the city of Magdeburg, with the issuing authority signature block of Der Magistrat at the foot. |
|---|---|
| Obverse lettering | STADT MAGDEBURG / GUT FÜR MARK 1 000 000 / IN WORTEN: EINE MILLION MARK / GÜLTIG NUR IN DER STADT MAGDEBURG / 9. AUGUST 1923 / DER MAGISTRAT |
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| Comments |
Magdeburg's municipal administration, like hundreds of German cities, was forced into emergency currency production as the Reichsbank struggled to keep pace with hyperinflation in 1923. By the time million-mark denominations were entering circulation at the municipal level, the purchasing power of individual notes was collapsing faster than printers could run their presses — a one-million-mark note in summer 1923 might buy a loaf of bread; by autumn it barely covered a tram ticket.
The watermarked paper distinguishes this from the most cheaply produced Notgeld of the period, suggesting Magdeburg contracted a commercial paper house rather than improvising on whatever stock was available.