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100 000 Mark
| Issuer | Stadt Chemnitz (City of Chemnitz) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Hunderttausend Mark zahlen in Chemnitz die Stadthauptkasse und sämtliche Banken und Bankiers gegen Rückgabe dieses Gutscheines. Chemnitz, den 10. August 1923 Rat und Stadtverordnete der Stadt Chemnitz Die Gültigkeit dieses Scheines erlischt spätestens am 31. Oktober 1923. |
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| Reverse lettering | Einhunderttausend Mark |
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| Comments |
Chemnitz was one of hundreds of German municipalities forced to print its own emergency currency during the hyperinflationary collapse of 1923, when the Reichsbank could not produce notes fast enough to keep pace with the mark's devaluation. By August of that year, 100,000 marks — a sum that would have seemed fantastical just two years earlier — could barely cover a tram fare. Stadt Chemnitz, a major Saxon industrial center, issued this note under the legal framework of Notgeld, which gave local authorities temporary authority to produce circulating paper.
The printing was done locally, almost certainly on commercial presses not designed for currency work — a practical necessity, not a choice. Typographic quality across the Chemnitz municipal issues varies noticeably within the same series.