2 000 000 Mark Vorschuß-Verein

Mosbach's Vorschuß-Verein — a cooperative credit society of the type established under the Schulze-Delitzsch model — issued this note during the hyperinflationary peak of 1923, when municipal authorities, private banks, and cooperative institutions across Germany were legally permitted to issue Notgeld to compensate for the Reich's inability to supply sufficient currency. Two million marks, a sum that would have represented a comfortable annual salary just four years earlier, was by mid-1923 barely sufficient for a loaf of bread.

Local cooperative-issued Notgeld from smaller Baden towns like Mosbach survives in far smaller quantities than the more aggressively printed urban series.