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100 000 Mark
| Issuer | Stadt Waldshut (City of Waldshut, Baden) |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Typeset Notgeld in black letterpress on cream paper, enclosed within a scalloped outer border and plain rectangular inner frame. The denomination "Hunderttausend Mark" is set in large blackletter across the centre, with a woodcut-style municipal coat of arms for Waldshut inset at mid-field, showing an armoured figure within a shield. To the left of the arms, a boxed anti-counterfeiting warning is printed, while the issuing date "16. August 1923," the authority line "Der Bürgermeister," and a manuscript signature appear to the right. |
|---|---|
| Obverse lettering | Stadt Waldshut / Gutschein über 100 000 Mk. Hunderttausend Mark Gültig bis zum Aufruf in den Waldshuter Zeitungen. Waldshut, den 16. August 1923. Nachahmung oder Fälschung wird strafrechtlich verfolgt. 100 000 Mark Der Bürgermeister: P. Zimmermann, Waldshut. |
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| Comments |
Waldshut sits on the Rhine directly across from the Swiss town of Tiengen — now merged into a single municipality — and in 1923 its proximity to Switzerland created unusual pressure on local emergency currency. Swiss francs were actively preferred by residents for everyday transactions, which forced municipalities throughout the border region to issue notgeld in higher denominations faster than inland towns simply to keep any paper in circulation at all.
P. Zimmermann was a local printer, not a specialist currency house. The 100,000 Mark denomination places this firmly in the hyperinflationary peak of mid-1923, when that figure represented a loaf of bread, briefly, before the rate accelerated further.