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1 000 000 Mark Lippstadt
| Issuer | Magistrat der Stadt Lippstadt |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 180 x 82 mm |
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|---|---|
| Obverse lettering | Gutschein No 031691 Eine Million Mark zahlt die Stadt Lippstadt gegen diesen Gutschein. Er verliert seine Gültigkeit 4 Wochen nach öffentlicher Bekanntmachung. Lippstadt, den 14. August 1923. Der Magistrat der Stadt Lippstadt: |
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| Reverse lettering | Gutschein über Eine Million Mark Stadt Lippstadt Genehmigt durch Verfügung des Herrn Reichsfinanzministers vom 14. August 1923. |
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| Comments |
Lippstadt was among the hundreds of German municipalities that issued their own emergency currency during the hyperinflation of 1923, when the Reichsmark collapsed so completely that local authorities had no practical alternative. The Magistrat's authority to issue notgeld of this denomination was effectively sanctioned by crisis rather than statute — Berlin could neither supply adequate currency nor prevent the proliferation of local substitutes.
By mid-1923, one million marks bought less than a loaf of bread, which made notes like this functionally transient: printed, spent, and discarded within days of issue.