100 000 Mark

Kreisausschuss des Kreises Stormarn was the administrative committee of Stormarn district, one of hundreds of local German authorities forced into emergency currency issuance during the hyperinflation of 1923 when the Reichsbank simply could not supply enough physical notes to meet demand. Wandsbek, then still an independent city bordering Hamburg, was absorbed into Hamburg proper in 1937 — which gives this note a slightly unusual issuer identity, tied to a municipal geography that no longer exists.

Hartung & Co. in Hamburg handled a significant volume of Notgeld printing for regional clients during this period. At 100,000 Mark, this denomination reflects mid-1923 inflation levels, before the autumn collapse that pushed figures into the billions.