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5 000 000 Mark

Issuer Stadtkasse Sonneberg (Stadt und Kreis Sonneberg, Thuringia)
Year 1923
Type Standard circulation banknote
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Obverse description Notgeld voucher (Gutschein) printed in black on white paper with a green guilloche underprint background. The large denomination numeral '5 000 000 Mk.' appears within a prominent green rectangular panel. Below, the issuing text names the Stadtkasse Sonneberg, with the date 21. August 1923, flanked by two heraldic coat-of-arms vignettes and four manuscript signatures.
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Reverse lettering Serie D
5000000 Mark – Fünf Millionen Mark
Stadt und Kreis SONNEBERG i. Thür.
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Sonneberg was a major toy manufacturing center in Thuringia, and by August 1923 the hyperinflation had accelerated so far beyond the Reich's printing capacity that municipalities were legally authorized to issue their own emergency currency — Notgeld — to meet weekly payroll. The Stadtkasse (municipal treasury) was the issuing body, not a private bank or chamber of commerce, which gave these notes a quasi-official standing within the town.

Five million marks sounds extraordinary, but by the time this note circulated it bought roughly what a few pfennigs had purchased four years earlier. Within weeks of issue, denominations like this were already obsolete.

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