10 000 000 Mark

Coblenz — under French military occupation since 1919 under the terms of the Versailles Treaty — issued its own emergency currency during the hyperinflation of 1923, when the Reichsbank's supply of sufficiently denominated notes consistently failed to meet local demand. Municipal and district authorities across occupied and unoccupied Germany were effectively printing their own money out of administrative necessity, not legal ambition.

The ten-million mark face value dates this note precisely: August–September 1923, when denominations climbed from thousands to billions within weeks. Notes issued this late in the spiral often circulated for only days before becoming economically irrelevant.