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100 000 Mark

Issuer Stadt Mülheim an der Ruhr (City of Mülheim an der Ruhr)
Year 1923
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Value 100 000 Mark (100 000)
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Reverse lettering Stadt Mülheim an der Ruhr
100 000
Einhunderttausend Mark
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Protection description Fine-line guilloche underprint in blue and rose covering the central field of both faces; large numeral underprint on the reverse.
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Comments

Like hundreds of German municipalities, Mülheim an der Ruhr resorted to printing its own emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsbank simply could not supply denominations fast enough to keep pace with price increases. By the time 100,000 Mark notes were entering circulation, that sum was already losing practical value within days of issue. The 100,000 Mark denomination, which would have seemed incomprehensible two years earlier, was itself obsolete within weeks.

Municipal issues of this type were printed locally and typically lacked the sophisticated security infrastructure of Reichsbank notes. The guilloche underprint here is a relatively modest concession to anti-counterfeiting — adequate for a note whose useful life was measured in days rather than months.

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