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1 000 000 Marks Burscheid
| Issuer | Stadt Burscheid (Städtische Sparkasse Burscheid) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Plain cream-coloured note with a letterpress-printed ornamental border of repeating foliate units enclosing the entire face. The denomination "1000000 Mark" is set in bold blackletter type at the top, followed by the phrase "Gut für" and the written-out value "Eine Million Mark" in large blackletter script flanked by symmetrical scrollwork vignettes. Below appear the place and date inscription "Burscheid, August 1923" in blackletter, with a circular official eagle stamp of the Städtische Sparkasse Burscheid applied in violet at lower left, and a handwritten firm stamp and manuscript signature of Julius Neu, Schuhfabrik m.b.H. at lower right. |
|---|---|
| Obverse lettering | 1000000 Mark Gut für Eine Million Mark Burscheid, August 1923 (Firmenstempel und Unterschrift.) Julius Neu, Schuhfabrik m.b.H. STÄDT. SPARKASSE * BURSCHEID * |
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| Comments |
Burscheid is a small industrial town in the Bergisches Land, east of Cologne, and like hundreds of German municipalities in 1923 it was forced to print its own emergency currency as the Reichsbank's hyperinflationary spiral made official denominations obsolete within days of issue. The Städtische Sparkasse — the municipal savings bank — acted as the practical issuing authority, a common arrangement where the legal fiction of civic backing gave the paper whatever local credibility it could hold.
By mid-1923, one million marks was roughly the price of a loaf of bread. Notes at this denomination had a useful life measured in hours.