20 000 000 Mark Krystallglasfabrik

Frauenau's glassworks scrip is among the more obscure corners of the German hyperinflation emergency money wave. The Krystallglasfabrik, a Bavarian glass manufacturer operating in the Bavarian Forest, issued this 20,000,000 Mark note as factory-specific notgeld — wages paid in company scrip when the Reichsbank simply could not supply enough physical currency to meet payroll. By mid-1923, that was the reality for hundreds of industrial employers across Germany.

J. Gistl's operation was small enough that these circulated almost entirely within the immediate local economy — workers spending them at nearby merchants who had little choice but to accept them. Redemption records, if they survived at all, are not publicly documented.