Säckingen's 1922 notgeld issue came at the peak of Germany's hyperinflationary spiral, when municipalities across the country were authorized to print emergency currency to relieve chronic coin shortages. Local printing — by Gustav Meba, a Säckingen firm — was common for these issues, keeping production costs down and turnaround fast. The watermarked paper was an attempt at minimal security for a note everyone understood would be short-lived.
The 100 Mark denomination places this squarely in the transitional phase: a sum that felt substantial in 1921 was approaching worthlessness by late 1922.
Säckingen's 1922 notgeld issue came at the peak of Germany's hyperinflationary spiral, when municipalities across the country were authorized to print emergency currency to relieve chronic coin shortages. Local printing — by Gustav Meba, a Säckingen firm — was common for these issues, keeping production costs down and turnaround fast. The watermarked paper was an attempt at minimal security for a note everyone understood would be short-lived.
The 100 Mark denomination places this squarely in the transitional phase: a sum that felt substantial in 1921 was approaching worthlessness by late 1922.