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100 000 Mark

Issuer Stadtgirokasse Löbau
Year 1923
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Currency Mark (1914-1924)
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Obverse description Plain cream paper note of austere typographic design, entirely without vignette or ornamental underprint. The serial number appears at upper left alongside the denomination in figures at upper right, both underlined. The issuing institution, Stadtgirokasse Löbau i. Sa., is set in large bold letterpress type at centre, followed by the cheque-form payment instruction and the denomination spelled out in full. The place and date of issue appear at lower left, accompanied by a circular violet official stamp of the Stadthaupt­kasse Löbau and two manuscript signatures. The printer's imprint of Paul Schmorrde Nachf., Buchdruckerei Löbau, is printed in a small cartouche at lower left.
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Reverse description Reverse is blank, printed on plain unadorned cream paper with no text, vignette, or security elements.
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Stadtgirokasse Löbau was the municipal savings and giro institution of Löbau, a small industrial town in Upper Lusatia. Like hundreds of German municipalities in 1923, it was legally authorized to issue Notgeld during the hyperinflation crisis when Reichsbank currency was depreciating faster than it could physically be printed and distributed to regional economies. The 100,000 Mark denomination places this note squarely in the summer-to-autumn 1923 window, when that figure shifted within weeks from a substantial sum to near-worthless paper.

Paul Schmorrde Nachf. was a local Löbau printer — the "Nachf." (Nachfolger, meaning successor) indicating the firm had changed hands at some point prior to issue. Provincial job printers like this one were pressed into emergency currency production precisely because Berlin could not keep pace with demand.

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