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| 正面描述 | Typographically printed emergency note on cream-yellow paper with a fine horizontal-line underprint, enclosed within a decorative blue guilloche border of repeating lace-like ornaments. The issuer name 'Stadt Cottbus' appears in bold serif lettering at the top centre, flanked by the numeral '100000' in large diagonal text at each upper corner, with the denomination 'Hunderttausend Mark' set in heavy display type at centre. The lower portion carries the issue date 'Cottbus, den 14. August 1923', the authorising legend 'Der Magistrat' with two manuscript signatures to the right, a typeset serial number at lower left, and a footnote confirming approval by Reichsfinanzministerial-Erlaß of 11 August 1923. |
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| 正面铭文 | Stadt Cottbus Gutschein über Hunderttausend Mark Dieser Gutschein verliert am 15. Oktober 1923 seine Gültigkeit. Cottbus, den 14. August 1923. Der Magistrat. Genehmigt durch Reichsfinanzministerial-Erlaß vom 11. August 1923. |
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Cottbus was one of hundreds of German municipalities forced into emergency currency production during the hyperinflation of 1923, when the Reichsbank could not print Reichsmarks fast enough to meet demand. The Stadt Cottbus — specifically its Magistrat, the municipal executive body — issued this 100,000 Mark note as Notgeld, locally authorized and locally printed. By the time denominations reached six figures, the purchasing power of any given note had often collapsed before the ink was dry.
Municipal Notgeld of this period was typically printed by local firms on whatever paper stock was available, which accounts for the wide variation in paper quality found across surviving examples from this series.