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200 000 Mark

Issuer Stadt Freital (City of Freital)
Year 1923
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Value 200 000 Mark (200 000)
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Obverse lettering ZWEIHUNDERTTAUSEND MARK
NOTGELD DER INDUSTRIESTADT FREITAL
200000 MARK
Zugelassen vom Reichs-Finanzministerium
FREITAL, den 10. August 1923.
Der Bürgermeister:
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Reverse lettering ZWEIHUNDERTTAUSEND MARK
NOTGELD DER INDUSTRIESTADT FREITAL
200000 MARK
Gegen Rückgabe dieses Scheines zahlt die Stadt Freital 200000 M.
FREITAL, den 10. August 1923.
Der Bürgermeister:
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Comments

Freital was barely three years old when it issued this note. The city had been created in 1921 through the administrative merger of several industrial communes south of Dresden — Döhlen, Deuben, and Potschappel among them — and its municipal finances were already under pressure from the collapsing German currency before it had properly established itself as a functioning entity. The 200,000 Mark denomination places this firmly in the mid-1923 hyperinflation wave, before the truly astronomical figures of the autumn.

Notgeld of this type was printed locally out of necessity, not ambition. The Reichsbank simply could not supply enough currency fast enough.

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