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| 正面铭文 | Gutschein No des Stadt- u. LandKreises Hagen über Drei Millionen Mark. Dieser Schein hat Gültigkeit bis zum 1. Oktober 1923 und kann bis zu diesem Tage bei der Stadthautkasse Hagen i. Westf. und der Kreiskommunalkasse Hagen i. W. eingelöst werden. Hagen i. W., den 13. August 1923. Der Landrat: Der Oberbürgermeister: 3.000.000 |
| 背面描述 | Plain cream paper with a simple typeset text block, printed in dark brown ink within a rectangular border. Large vertical numerals '3.000.000' flank the central panel on both sides. The text states the note's monetary validity, declares the bearer solely responsible for any loss, and confirms expiry after 1 October 1923. The place and date 'Hagen i. W., den 13. August 1923' are repeated, followed by two facsimile signatures beneath the printed titles 'Der Landrat' and 'Der Oberbürgermeister.' |
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Hagen's municipal authority was among hundreds of German local governments forced into emergency currency printing during the 1923 hyperinflation, when the Reichsbank simply could not produce notes fast enough to keep pace with collapsing purchasing power. The 3,000,000 Mark denomination reflects a specific window in that collapse — by late summer 1923, notes of this face value were already losing meaningful purchasing power within days of issue.
Local printing meant inconsistent paper stock and variable ink quality across the Hagen series. Collectors should note that some printings show noticeably different saturation, likely due to mid-run supply changes at the local press.