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| Issuer | Stadt Frankfurt am Main (City of Frankfurt am Main) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| 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.