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| 正面描述 | Typeset Stadtkassenschein (municipal treasury note) printed on pale cream paper with a salmon-pink underprint, the border composed of a repeating guilloche-style ornamental frame. The denomination 'Zehn Millionen Mark' is set in large blackletter Gothic typeface at centre, with a large red watermark-style numeral '10' and the word 'MILLIONEN' overprinted diagonally across the lower half. The date 'Stuttgart, 20. September 1923' appears centrally below the denomination text, flanked by the titles 'Oberbürgermeister:' and 'Stadtpfleger:' with two manuscript signatures and a circular official seal of the Stadtgemeinde Stuttgart bearing a prancing horse. |
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| 正面铭文 | Württembergische Landes-hauptstadt Stuttgart Stadtkassenschein Zehn Millionen Mark zahlt die Stadtpflege in Stuttgart dem Einlieferer dieses Kassenscheins Stuttgart, 20. September 1923 Nachahmung oder Fälschung strafbar. Oberbürgermeister: Stadtpfleger: |
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Stuttgart issued this 10-million Mark note during the most violent phase of the 1923 hyperinflation, when municipal and regional authorities across Germany were legally authorized — then practically compelled — to produce emergency paper money, or Notgeld, simply to meet payroll. The Reichsbank's own printing capacity had long since ceased to matter; what mattered was getting denominations large enough to buy bread into workers' hands before the exchange rate moved again.
At 10,000,000 Mark, this note was already obsolete within weeks of issue. By November 1923, such figures were rendered laughable by the introduction of the Rentenmark at a conversion rate of one trillion old Marks to one new unit.