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3 000 000 Mark
| Issuer | Stadt Dresden (City of Dresden) |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 3 000 000 GUTSCHEIN Gültig im Bezirk der Stadt Dresden Drei Millionen Mark Zahlen die Kassen der Stadt bei Aufgabe des Gutscheines Dresden, August 1923 Der Rat Dresden Oberbürgermeister Das Finanzamt |
| Reverse description | Reverse printed entirely in red-brown on a salmon ground, with a fine net-pattern guilloche underprint and a decorative outer border of repeated circular and foliate motifs. The large denomination numeral "3 000 000" dominates the centre, flanked by the Dresden heraldic shield on each side, with the spaced letterpress inscription "M + A + R + K" immediately below. A cautionary anti-counterfeiting legend appears in Gothic script at the foot, and an expiry notice is set in smaller type across the upper portion. |
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| Comments |
Dresden issued its own emergency currency during the hyperinflation peak of 1923, as the Reichsbank's printing capacity simply could not keep pace with denominations climbing into the millions. Notgeld at this level was no longer the wartime small-change substitute of 1917–1919 — it was a desperate administrative measure by municipal governments trying to meet payroll and basic obligations before the next round of devaluation wiped out whatever they had just printed.
The 3,000,000 Mark denomination dates from the summer-to-autumn 1923 window when municipal issues multiplied at a staggering rate. By November, the Rentenmark reset made all of it worthless paper overnight.