10 000 000 Mark Teppichfabrikzentrale

Teppichfabrikzentrale Leipzig — a carpet manufacturing trade association — issued this note as emergency currency (Notgeld) during the hyperinflation of 1923, when the Reichsmark's collapse was so rapid that commercial firms routinely printed their own temporary scrip to meet payroll and day-to-day obligations. The instrument was drawn on Deutsche Bank's Leipzig branch, giving it at least nominal banking backing, though in practice such arrangements were largely symbolic given the velocity at which denominations became worthless.

Wezel & Naumann were Leipzig's dominant commercial printers and handled an enormous volume of Notgeld commissions during this period — the firm's speed and local proximity made them the practical choice for any Leipzig business caught short by the currency's daily deterioration. By the time a 10,000,000 Mark note reached circulation, it likely purchased less than a postage stamp had the previous year.