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100 000 000 Mark

Issuer Stadtgemeinde Danzig (City of Danzig)
Year 1923
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Currency Mark (1914-1923)
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Obverse description Black letterpress text on an orange guilloche underprint, with the denomination value set within an elaborate ornamental frame. The central text block carries the full notgeld inscription in Fraktur script, identifying the issuer as the Stadtgemeinde Danzig and specifying the redemption period of 5 to 10 October 1923. The note bears the date 22 September 1923 and is signed on behalf of the Senate Administration of the City of Danzig.
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Reverse description Reverse printed in black Fraktur script on plain paper, with the large denomination numeral '100' in the lower right corner and 'Millionen' below it. The central text repeats the issuer and denomination details, with two manuscript signatures of authorising officials beneath. A small circular seal impression appears to the left of the signatures, and a warning legend against forgery runs along the top and bottom borders.
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Danzig's hyperinflation notes of 1923 are among the more politically loaded emergency issues of that period — the Free City was technically under League of Nations protection and outside the German Reich, yet its economy was so entangled with Germany's that Reichsbank-driven inflation tore through Danzig almost identically. The city issued its own notgeld series partly to assert administrative independence, partly because the volume of currency required simply could not be met through normal channels.

By the time denominations reached nine digits, the printing cycle had collapsed to days. P#27 sits in the middle of a frantic escalation that would push Danzig issues into the billions of Mark before the Gulden stabilization ended the series entirely in late 1923.