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2 000 000 Mark
| Issuer | Stadtkasse Stuttgart (City Treasury of Stuttgart) |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | Cream-toned notgeld issued by the Württemberg state capital Stuttgart, with the denomination '2 Millionen Mark' in bold Gothic blackletter script at centre, flanked by a watermark-style underprint of the word 'NOTGELD' repeated in large letters across both lateral margins. A vignette of a rearing horse to the right of the denomination text is complemented by an oval city seal at the foot of the note bearing the Stuttgart coat of arms. Two manuscript signatures appear at the lower left and lower right beneath the printed titles 'Oberbürgermeister' and 'Stadtpfleger' respectively. |
|---|---|
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| Reverse description | Plain cream paper reverse, largely unprinted, with faint show-through of the obverse design visible in raking light. No printed text, vignettes, or ornamental devices are present on this side. |
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| Comments |
Stuttgart's Stadtkasse issued this 2,000,000 Mark note at the height of the hyperinflation summer of 1923, when municipal and regional authorities across Germany were forced to print their own emergency currency — Notgeld — simply to meet payroll and keep local commerce moving. The Reichsbank could not supply denominations fast enough to match the collapsing purchasing power of the mark.
By August 1923, two million marks was roughly the cost of a loaf of bread. Within weeks it would be meaningless.