10 000 000 Mark

This is Rhineland notgeld from the hyperinflation peak of 1923, issued jointly by three administrative districts — Cochem, Simmern, and Zell — pooling issuing authority as a practical response to the Reichsbank's inability to supply sufficient currency at usable denominations. By mid-1923, ten million marks was roughly bus-fare money. The combined-district format was common in the Rhineland, where French occupation of the Ruhr had further disrupted normal banking channels and local authorities were left to paper over the gap, literally.

Collector demand for Rhineland inflation notgeld has always been strong; condition varies widely since much of it circulated hard before stabilization rendered it worthless in late November 1923.