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100 000 Mark

Issuer Stadt Zirndorf (City of Zirndorf)
Year 1923
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Value 100 000 Mark (100 000)
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Obverse description Plain cream paper Notgeld issued by the City of Zirndorf, with a fine letterpress underprint of repeated numerals '100000' arranged in rows across the entire field. The central text, set in a bold Fraktur typeface, reads 'Notgeld der Stadt Zirndorf' above the large denomination legend 'Einhunderttausend Mark', followed by the payment clause and date 'Zirndorf, 15. August 1923.' A red-stamped serial number appears in the upper right corner, and three manuscript signatures are inscribed across the lower portion of the note.
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Reverse description The reverse is unprinted save for the full show-through of the obverse letterpress text and underprint, visible in mirror image through the thin paper stock, along with the reflected impression of the red serial number stamp in the upper left corner.
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Zirndorf is a small town in Middle Franconia, best known outside Germany as the home of the Playmobil factory — but in 1923 it was doing what hundreds of German municipalities were forced to do: printing its own emergency currency because the Reichsbank could not supply banknotes fast enough to keep pace with hyperinflation. These municipal issues, collectively called Notgeld, were legal tender only within the issuing locality, which created genuine practical problems for workers who commuted or traded across town lines.

At 100,000 Mark, this note dates to the middle phase of the hyperinflationary spiral — before the truly astronomical denominations of late 1923, when million- and billion-mark notes became necessary within weeks of each other.

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