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| 正面描述 | Green letterpress-printed emergency note (Notgeld) on cream paper, with the circular seal of the Stadtrat zu Sebnitz at top centre. The serial number appears at upper left and the denomination box 'M 1000000' at upper right, with the issuing institution name in bold Gothic-style type across the upper field. The central denomination line 'Mark: Eine Million' is framed by a decorative guilloche border, and the lower section carries the issuing company name, date, municipal authority designation, and a manuscript countersignature stamp. |
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| 正面铭文 | Die Girokasse Sebnitz (Sa.) zahlt gegen diesen Lohnscheck aus unserem Guthaben Mark: Eine Million Papierfabrik Sebnitz Aktiengesellschaft Sebnitz, Sa., den 15. Aug. 1923 Der Stadtrat Dr. Steudner, Bürgermeister |
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Papierfabrik Sebnitz was, as the name states, a paper manufacturer — not a bank, not a municipality, not a trading company. That an actual paper mill found itself issuing its own emergency currency during the 1923 hyperinflation is precisely the kind of institutional absurdity that defined Notgeld at its worst extreme. The mill almost certainly printed this note on its own stock, which is the most self-referential act in the entire catalog of German inflation currency.
By the time the million-mark denomination became necessary, the Reichsmark had already lost any meaningful relationship to daily wages. Sebnitz, a small Saxon town known for its artificial flower industry, had dozens of local employers issuing scrip simultaneously.