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| 表面の説明 | ログイン して詳細を見る |
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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | Reverse shows the show-through of the obverse text on plain unprinted paper with a light diamond-pattern laid texture visible across the surface. A perforation cancellation spelling 'HIAG' is present at upper left, confirming the note has been redeemed and cancelled. A faint pencil notation appears at lower right. |
| 裏面の銘文 | ログイン して詳細を見る |
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| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | Cancellation perforation spelling 'HIAG' applied through the note upon redemption at one of the designated banks |
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HIAG — Holzverkohlungs-Industrie Aktiengesellschaft — was a wood distillation and chemical company based in Konstanz, not a bank or municipal authority. Like hundreds of German industrial firms during the hyperinflation peak of 1923, it issued its own emergency currency, Notgeld, to pay workers when the Reichsbank could not supply physical notes fast enough to keep pace with collapsing purchasing power. A 2,000,000 Mark denomination, absurd by any prior standard, was entirely routine by mid-1923.
The perforation security feature is modest but deliberate — a low-cost anti-counterfeiting measure common to privately printed Notgeld from this period.