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200 000 000 Mark Spar- und Kredit-Bank
| Issuer | Spar- und Kredit-Bank, Chemnitz |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | German Notgeld (emergency currency) issued in Saxony by the city of Chemnitz through the Allgemeine Deutsche Credit-Anstalt, dated 28 September 1923, with the denomination of 200 Millionen Mark stated in bold letterpress text. The face carries the issuing authority's name and location inscriptions arranged within a plain typographic layout typical of the hyperinflation-era emergency issues. The text reads 'NOTGELD SACHSEN, CHEMNITZ, Stadt' above the denomination and date. |
|---|---|
| Obverse lettering | NOTGELD SACHSEN / CHEMNITZ, Stadt / Allgemeine Deutsche Credit-Anstalt / 200 Millionen Mark / 28.9.1923 |
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| Comments |
The Spar- und Kredit-Bank in Chemnitz was one of dozens of regional savings and credit institutions that resorted to issuing emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsbank's supply of official notes collapsed catastrophically against demand. A 200-million-mark denomination, which would have represented extraordinary wealth a year earlier, was by mid-to-late 1923 barely sufficient for routine transactions as the mark lost value by the hour.
Local printing was the only practical option; centralized supply had simply broken down.