1 000 000 Mark Lippstadt

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.