100 000 Mark

Krefeld's municipal administration was among hundreds of German city governments forced into emergency currency production during the hyperinflation of 1923, when Reichsbank notes became worthless faster than they could be printed. The 100,000 Mark denomination, which would have represented serious wealth just two years earlier, was by mid-1923 barely sufficient for a loaf of bread — and within months even this figure would seem quaint against the million- and billion-Mark notes that followed.

Worms & Lüthgen were a local Crefeld printing firm, not a specialist security printer, which is typical of Notgeld production from this period. Oberbürgermeister Johansen's signature appears as the authorizing official.