2 000 000 Mark

Bamberg's two-million Mark note dates from the summer of 1923, when Reichsbank supply couldn't keep pace with hyperinflation's demand for ever-larger denominations. Municipal and commercial notgeld at this level weren't curiosities — they were functional emergency currency filling a genuine void in daily commerce, typically overprinted or reprinted within weeks as the mark's purchasing power collapsed further.

The watermark is worth noting: paper security features at this denomination level were not universal among German municipal issuers in 1923, and their presence here suggests Bamberg sourced stock from a supplier still applying standard banknote-grade paper rather than improvising on plain print stock, as many smaller issuers did.