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100 000 Mark

Issuer Stadtkasse Mindelheim
Year 1923
Type Local banknote
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Obverse description The obverse is divided into two vertical panels: the left bears a bold woodcut-style vignette of a bearded male figure in a fur-trimmed hat, framed by a ruled border with the denomination '100000' printed above and below. The right panel carries the heading 'Schuldschein über Hunderttausend Mark' in Gothic blackletter script, followed by the redemption text in German, the city seal of Mindelheim at lower centre, the issue date '9. Aug. 1923', and a facsimile Bürgermeister signature at lower right. A blue serial number is printed vertically along the right margin.
Obverse lettering Schuldschein über Hunderttausend Mark
100000
Die Stadtkasse Mindelheim zahlt dem Überbringer dieses Scheines den Betrag von M. 100000 ohne Zins- in Reichsbanknoten oder Reichs-Darlehenskassenscheinen. Sie ist berechtigt, diesen Schuldschein jederzeit mit einer Frist von einem Monat zur Rückgabe aufzurufen.
Mindelheim, 9. Aug. 1923
Stadtrat Mindelheim
1. Bürgermeister
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Comments

Mindelheim is a small Bavarian market town — in a normal monetary environment, its municipal treasury would have had no business issuing currency at all. This 100,000 Mark note is Notgeld, emergency paper produced locally during the hyperinflationary collapse of 1923, when the Reichsbank's output simply could not keep pace with denominations rising faster than presses could print them. Jak. Niederhuber was almost certainly a local job printer, not a banknote specialist, which matters: quality control and paper stock varied widely among provincial printers of this period.

By August 1923, 100,000 Marks bought roughly what a single Mark had bought eighteen months earlier.

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