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1 000 000 Mark Gütersloh
| Issuer | City of Gütersloh |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | The face of this Notgeld issue presents the denomination "Eine Million Mark" in large Fraktur letterpress type at centre, surmounted by the issuing legend "Gütersloher Notgeld" and framed within an ornate guilloche border with "1 MILLION" repeated at each corner. The promise-to-pay text, date "16. August 1923," and the issuing authority "Der Magistrat der Stadt Gütersloh" with a printed signature appear in the lower portion, while the municipal coat of arms — a spoked wheel — is positioned to the right of the central text. |
|---|---|
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| Reverse lettering | 1 MILLION Eine Million Mark Stadt Gütersloh |
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| Comments |
Gütersloh's million-mark note is a product of the Weimar hyperinflation peak — by mid-1923, municipal and regional authorities across Germany were printing their own emergency currency (Notgeld) simply because the Reichsbank could not produce legal tender fast enough to keep pace with collapsing purchasing power. The city printed locally, which kept turnaround fast but quality variable.
A million marks sounds extraordinary until you remember that by November 1923 that sum wouldn't buy a postage stamp.