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| 正面铭文 | 1000000 mt. Gutschein der Bayerischen Staatsbank über Eine Million Mark München, den 1. August 1923. Bayerische Staatsbank Direktorium Dieser Gutschein wird zu einem durch das Bayerische Staatsministerium der Finanzen im Reichsanzeiger und Bayerischen Staatsanzeiger bekanntzumachenden Zeitpunkte zur Einlösung aufgerufen |
| 背面描述 | The reverse is printed in a single deep reddish-brown tone on cream paper, with a fine guilloche rosette underprint at centre. The heading "Gutschein der Bayerischen Staatsbank" appears at the top in bold Fraktur script, followed by "über" and the large denomination legend "Eine Million Mark"; below, a warning clause states that all claims lapse one year after the redemption deadline, and a further penal clause threatens a minimum two-year prison sentence for counterfeiting. The composition is enclosed within a scalloped guilloche border. |
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The Bayerische Staatsbank was one of several regional German institutions forced to issue emergency inflation-era Notgeld as the Reichsbank's own hyperinflationary spiral rendered denominations obsolete within weeks. By mid-1923, a million marks represented a fare, a loaf of bread — then nothing at all. Notes of this denomination were often overstamped or superseded before they could even complete a single transaction cycle.
Bavaria's relative political separatism during this period meant the Staatsbank operated with some autonomy from Berlin's monetary chaos, though the underlying crisis was identical. Printed locally in Munich rather than sent to one of the major security printers, which accounts for the comparatively utilitarian production quality seen across this series.