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| 正面描述 | Printed in dark brown on cream paper, the obverse is framed by an elaborate guilloche border with ornamental corner rosettes and the numeral "1" in each corner alongside the word "MILLION" in vertical orientation. The central text panel, rendered in Fraktur script, carries the issuer name at the top and the denomination "EINE MILLION MARK" in bold letterpress. Below the date line "Dresden, den 18. August 1923" appear three facsimile signatures with their respective titles: Staatsvertreter and two Direktoren. |
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| 背面描述 | Printed in dark grey-brown on cream paper, the reverse is enclosed within a multi-layered guilloche border incorporating heart motifs along the top edge and floral corner ornaments. The large denomination panel at centre, set within a dark lozenge-shaped guilloche vignette, repeats "EINE MILLION MARK" in bold Fraktur script with the numeral underprint "1000000" visible horizontally across the field. A counterfeit warning in small Fraktur text is split across the lower left and right portions of the note, and a serial number with asterisk control mark appears at the upper right. |
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The Sächsische Bank zu Dresden was one of four German private note-issuing banks still operating under the Reichsbank system when hyperinflation peaked in 1923. This million-Mark note was issued during the summer of that year, when the inflation curve had already made denominations issued weeks earlier functionally worthless. Over twelve million examples were printed — a figure that sounds enormous until you consider that a single loaf of bread in Saxony could cost multiples of this face value by autumn.
The Sächsische Bank lost its right to issue notes with the Rentenmark stabilization of November 1923.