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20 000 000 Mark

Issuer Stadt Frankfurt am Main (City of Frankfurt am Main)
Year 1923
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Currency Mark (1914-1924)
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Obverse lettering No 668207 *
GUTSCHEIN DER
STADT FRANKFURT A.M.
ÜBER
Zwanzig Millionen Mark
Die Einlösung dieses Scheines erfolgt bei der Stadthauptkasse Frankfurt a.M. Der Zeitpunkt, mit dem die Gültigkeit abläuft, wird öffentlich bekannt gemacht.
DER MAGISTRAT:
FRANKFURT A.M. 20. AUGUST 1923
J. MAUBACH & CO. G.M.B.H. FRANKFURT A.M.
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Reverse lettering ZWANZIG MILLIONEN MARK
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Comments

Frankfurt's municipal administration began issuing its own emergency currency — Notgeld — when the Reichsbank could no longer supply denominations fast enough to keep pace with hyperinflation. By mid-1923, the printing presses were struggling to stay ahead of the daily price collapse; a note denominated in millions was, within weeks of issue, effectively worthless for any meaningful purchase. The Stadt Frankfurt turned to local printer J. Maubach & Co. rather than compete for capacity at the overloaded national printers.

The twenty-million mark figure itself marks a specific window: late summer 1923, before the introduction of the Rentenmark in November effectively ended the crisis.

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