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20 000 000 Mark Sächsische Staatsbank
| Issuer | Sächsische Staatsbank |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Printed on thick smooth white paper in blue-green ink with a red border frame (Rahmen) and red overprint elements; the main text is rendered in black. A six-digit serial number appears in green, prefixed with the letter N. The layout is typographic in character, consistent with emergency currency (Notgeld) production of the 1923 hyperinflationary period. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The Sächsische Staatsbank was one of several German regional state banks that issued emergency currency during the hyperinflation peak of 1923 — a period in which denominations escalated so rapidly that notes became functionally obsolete within days of printing. Twenty million marks sounds extraordinary; by late 1923 it would not have bought a loaf of bread.
Printed locally in Dresden rather than routed through the Reichsdruckerei, which was overwhelmed by demand across all issuing authorities that year.