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| Issuer | Der Rat der Stadt Zwickau (City Council of Zwickau) |
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| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | The face is set on a pink and dark blue guilloche underprint with an ornate floral and geometric border repeated on all four sides. The denomination 'Hunderttausend Mark' is printed in large bold letterpress type across the centre, with a lighter watermark-style numeral '100000' visible beneath. Surrounding text specifies validity within the district of the Stadt und Amtshauptmannschaft Zwickau until 15 August 1923, redeemable through the Zwickauer Stadtbank Aktiengesellschaft, dated 25 July 1923, and authorised by 'DER RAT DER STADT ZWICKAU', with two manuscript signatures below the titles 'Oberbürgermeister' and 'Stadtkassendirektor'. |
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| Obverse lettering | GUTSCHEIN Gültig im Bezirke der Stadt und der Amtshauptmannschaft Zwickau bis 15. August 1923 Hunderttausend Mark zahlen die Kassen der Stadt Zwickau durch die Zwickauer Stadtbank Aktiengesellschaft in Zwickau gegen Rückgabe dieses Gutscheines ZWICKAU I.SA., den 25. Juli 1923 DER RAT DER STADT ZWICKAU Oberbürgermeister Stadtkassendirektor |
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| Comments |
Zwickau's municipal council was one of hundreds of German local authorities forced into emergency currency issuance during the hyperinflation of 1923, when the Reichsbank could not print fast enough to meet demand. These Notgeld issues at six-figure denominations were a stopgap — merchants needed something to make change and meet payroll, and by mid-1923 the interval between a denomination becoming necessary and becoming useless was sometimes measured in days.
Printed locally, which typically meant cruder production than the lithographed issues coming out of established security printers. Zwickau's industrial base — coal, textiles, and early automobile manufacturing — made it a working city with real circulation pressure, not a tourist town printing collectible novelties.