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1 000 000 Mark Bayerische Notenbank
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Green guilloche border frames the entire face, with the issuer title 'Bayerische Banknote' and denomination '1,000,000 Eine Million Mark' rendered in bold Gothic blackletter script against a fine engine-turned underprint. The place and date of issue, 'München, den 20. August 1923', appear in the central field below the denomination, with the issuing authority 'Bayerische Notenbank' inscribed beneath. Four manuscript signatures appear at the foot of the note, attributed respectively to the Staatskommissär, Aufsichtsrat, and Direktion, with a red serial number printed at the top. |
|---|---|
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| Reverse lettering | BAYERISCHE NOTENBANK 1 MILLION MARK Nachahmung oder Veränderung wird nach Maßgabe des achten Abschnittes des Strafgesetzbuches für das Deutsche Reich bestraft. Vom 1. Januar 1924 ab kann diese Banknote aufgerufen und unter Umtausch gegen andere bayerische Banknoten oder gegen Reichsbanknoten eingezogen werden. |
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| Comments |
The Bayerische Notenbank was one of four German state banks still legally permitted to issue currency under the Reichsbank framework — a holdover from the pre-unification banking structure that became suddenly consequential during the hyperinflation of 1923. This million-mark note was not a curiosity when issued; by late 1923 a single tram ticket in Munich cost more.
Bavaria's political situation that autumn compounded everything. The state was under a right-wing emergency government, and the Reichsbank's authority over monetary policy was effectively ignored in several southern districts. Notes from the Bayerische Notenbank circulated alongside Reichsbank issues without clear hierarchy.
The note was printed locally in Munich — unusual for high-denomination emergency issues of this period, when many regional authorities outsourced to Leipzig or Berlin printers under time pressure.