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| 正面描述 | Uniface typeset note printed in brown on cream paper, with the denomination 'Eine Million Mark' in bold Gothic (Fraktur) blackletter script dominating the centre, set within an elaborate concentric guilloche underprint. The issuer's name and promise-to-pay legend appear above in Gothic script, while the place of issue (Mannheim), date (7. Aug. 1923), and the board's title 'Der Vorstand' are printed below, accompanied by manuscript signatures. The serial number and series letter 'Lit. V' are printed vertically at left in red, with a red asterisk separator, and the counterfeiting penalty clause is set in smaller Gothic type at the foot of the note. |
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| 正面铭文 | Lit. V 1 Million 1 Million Die Badische Bank zahlt dem Einlieferer dieser Banknote Eine Million Mark Mannheim, 7. Aug. 1923 Der Vorstand Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft BB BB |
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The Badische Bank was one of several German regional private banks licensed to issue emergency currency during the hyperinflation crisis of 1923, when the Reichsbank's own presses could not keep pace with the collapsing purchasing power of the Mark. By the time million-Mark denominations became necessary, the notes were depreciating faster than they could be distributed — a 1,000,000 Mark note issued in August 1923 might cover a loaf of bread; by November it would not.
The print run of just over twelve million notes is large in absolute terms but modest relative to some Reichsbank issues of the same period, reflecting the Badische Bank's regional rather than national circulation footprint, centered on Baden.