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100 000 Mark

Issuer Stadtgemeinde Zwenkau (Girokasse Zwenkau)
Year 1923
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Value 100 000 Marks (100 000)
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Obverse description Plain cream paper note with a decorative scrollwork border enclosing all text in letterpress. The large denomination numeral "100,000.- Mk." is set in bold type at the top, below which a multi-line payment order in German directs the Girokasse Zwenkau to pay one hundred thousand Mark to the bearer. The issue date "15. August 1923" appears at lower left, flanked by a circular official seal of the Stadtgemeinderat zu Zwenkau bearing a robed figure, with the issuing authority "Stadtgemeinde Zwenkau" and two manuscript signatures at lower right. A teal serial number stamp is visible at center, and a vertical marginal inscription reads "Nur zur Verrechnung!".
Obverse lettering 100,000.- Mk.
Die Girokasse Zwenkau
wolle zahlen gegen diesen Scheck aus unserem Guthaben
an uns selbst oder Ueberbringer
Hunderttausend Mark.
Zwenkau, 15. August 1923.
Stadtgemeinde Zwenkau.
Nur zur Verrechnung!
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Comments

Zwenkau is a small town south of Leipzig, and like hundreds of German municipalities in 1923, it issued its own emergency currency — Notgeld — when the Reichsbank simply could not supply enough physical notes to keep pace with hyperinflation. The 100,000 Mark denomination, which would have seemed unthinkable two years earlier, was already being overtaken by new printings in the millions and billions by autumn of that year. Local girokassen, essentially municipal giro payment offices, were given authority to issue these notes to meet immediate payroll and retail demand.

Locally printed Notgeld of this period frequently shows inconsistent ink coverage and uneven impression — a function of using commercial job printers not equipped for currency work, not a defect specific to individual notes.

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