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20 000 000 Mark
| Issuer | Stadt Montabaur (Magistrat) |
|---|---|
| Year | 1923 |
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| Size | 149 x 88 mm |
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| Obverse description | Plain white ground with a light guilloche border underprint. At left, a circular city seal vignette inscribed SIEGEL DER STADT MONTABAUR bearing a Gothic architectural motif. The denomination ZWANZIG MILLIONEN MARK is set in bold letterpress at centre, below the header KASSENSCHEIN DER STADT MONTABAUR, with a redemption clause and date of 10. August 1923 in smaller type. |
|---|---|
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| Reverse description | Reverse is blank, printed on plain unadorned white paper stock with no design, text, or underprint. |
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| Comments |
Montabaur's municipal administration issued this note during the catastrophic hyperinflation of 1923, when Reichsbank currency was depreciating so rapidly that local authorities across Germany were authorized — and often compelled — to print their own emergency money, the so-called Notgeld, simply to meet payroll and keep commerce moving. A 20-million-Mark denomination, unthinkable even two years earlier, was by mid-1923 worth a loaf of bread at best.
The signatures of Gehring and Saul authenticate it as a Magistrat-issued instrument, distinguishing these municipal obligations from the private commercial Notgeld flooding the same market simultaneously.