100 000 000 Mark

The Vereinigte Kreise Cochem, Simmern und Zell — a joint administrative grouping of three Moselle-region districts — issued this 100-million-mark note at the peak of the Weimar hyperinflation spiral. By the time notes of this denomination were being printed in summer and autumn 1923, municipal and district authorities across Germany had been authorized to produce Notgeld simply to keep wages and commerce moving, as Reichsbank-issued currency was losing value faster than it could be physically distributed.

The watermarked paper is notable — many comparable district-level emergency issues of this period used plain stock, whatever was locally available. Its presence here suggests the printer had access to better-quality supply than most Notgeld of this denomination.