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| 正面描述 | Typeset Notgeld voucher printed in black on plain paper, enclosed within a double-ruled rectangular border. The denomination '2.000.000' is printed vertically in large numerals along both lateral margins, while the central text panel carries the voucher title 'Gutschein' with a manuscript serial number, followed by the issuing authority 'des Stadt- u. Landkreises Hagen' and the value inscription 'Zwei Millionen Mark.' in bold display type. Below, a block of letterpress text states the validity clause with expiry date of 1 October 1923 and redemption conditions at the Stadthauptkasse and Kreiskommunalkasse Hagen, concluding with the place and date 'Hagen i. W., den 13. August 1923' and two manuscript signatures above the printed titles 'Der Landrat' and 'Der Oberbürgermeister.' |
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| 正面铭文 | Gutschein des Stadt- u. Landkreises Hagen über Zwei Millionen Mark. Dieser Schein hat Gültigkeit bis zum 1. Oktober 1923 und kann bis zu diesem Tage bei der Stadthauptkasse Hagen i. W. u. der Kreiskommunalkasse Hagen eingelöst werden. Hagen i. W., den 13. August 1923. Der Landrat: Der Oberbürgermeister: 2.000.000 |
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Hagen's municipal authority — covering both the city and its surrounding rural district — issued this two-million Mark note during the hyperinflationary peak of summer 1923, when the Reichsbank's own supply chain could not keep pace with denominations that rendered earlier notes worthless within days. Local authorities across the Ruhr and Westphalia were effectively printing their own emergency currency, Notgeld, to keep wages payable and commerce moving.
By the time notes of this denomination were being distributed, two million Marks would buy roughly a loaf of bread — briefly.