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5 000 000 Mark

Issuer Magistrat der Stadt Halle an der Saale
Year 1923
Type Local banknote
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Obverse lettering Gegen diesen Schein zahlt die Stadthauptkasse zu Halle dem Überbringer
Fünf Millionen Mark
Halle, 28. August 1923
Der Magistrat
Dieser Schein verliert seine Gültigkeit einen Monat nach amtlicher Bekanntmachung durch den Magistrat
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Protection type Official seal
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Comments

One of hundreds of municipal emergency currency issues — Notgeld — produced during the catastrophic German hyperinflation of 1923, when the Reichsmark was depreciating so rapidly that local governments, businesses, and even private firms were authorized to print their own temporary money to keep commerce moving. By August 1923, five million marks could barely cover a newspaper. The Magistrat of Halle was simply keeping pace with an economy that was outrunning the national presses.

The official seal was the issuer's only practical safeguard against counterfeiting — a modest deterrent in a year when the denomination itself was obsolete within weeks of printing.

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