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| 正面描述 | Printed in deep red on cream paper, the left panel carries the heraldic shield of Schleswig-Holstein in a Gothic-script cartouche flanked by a vertical ornamental chain band and two asterisk rosettes, with the serial number and letter suffix below. The right field bears the denomination '200 Millionen Mrk' in bold Gothic blackletter above the redemption text and validity clause, dated Kiel, 1. Sept. 1923, with two facsimile signatures at foot. |
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| 正面铭文 | Provinz Schleswig-Holstein 200 Millionen Mrk zahlt die Landeshauptkasse in Kiel gegen diesen Gutschein dem Einlieferer Dieser Gutschein verliert einen Monat nach erfolgter Aufforderung zur Einlösung seine Gültigkeit. Kiel, 1. Sept. 1923 Der Provinzialausschuß + Der Landeshauptmann |
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One of dozens of emergency high-denomination issues flooding Germany in late 1923, this note was authorized by the provincial committee of Schleswig-Holstein as Berlin's central monetary apparatus collapsed under hyperinflation. Provincial and municipal bodies across Germany were legally permitted to issue their own Notgeld during this period — not as a workaround but as a recognized necessity, with the Reichsbank effectively endorsing the practice to keep local commerce functioning.
Schleswig-Holstein's postwar status gave its provincial administration an unusually self-conscious identity: the region had only been fully confirmed as German territory following the 1920 plebiscite, and the border with Denmark had just been redrawn. A 200-million-mark note printed locally in Kiel within three years of that settlement speaks to how quickly the political stabilization was overtaken by economic catastrophe.